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Partnerships

BNH engages institutional partners selectively and deliberately. The partnerships we build are designed to last: co-investors who share our governance standard, governments who share our development mandate, and capital partners who measure their commitment in decades, not years.

If your institution is considering engagement with BNH in any of the categories below, the appropriate starting point is a direct introductory communication to the email address provided. We respond to every serious institutional enquiry.

01

Co-Investment Partners

BNH deploys its own capital across its portfolio. In selected circumstances, we structure co-investment alongside institutional partners who bring complementary capital, sector expertise, or market access. Co-investment partners at BNH operate within BNH’s governance framework, with clearly defined rights, reporting standards, and exit provisions.

We seek co-investors with a minimum five-year commitment, institutional governance standards, and a specific sector or geographic thesis that complements BNH’s own. Financial investors seeking short-term liquidity or co-investment without governance engagement are not our counterpart.

02

Government and Sovereign Partners

BNH builds for African governments. Our operating subsidiaries work within government-facing sectors such as technology infrastructure, energy, and mining, where the relationship between private capital and sovereign mandate is fundamental to the operating model.

We engage with federal, state, and government-owned bodies considering public-private partnerships, government technology mandates, concession arrangements, and long-term infrastructure partnerships. The conversation begins with an understanding of the government’s institutional objective, not a product pitch.

03

Development Finance Institutions

BNH actively builds relationships with pan-African and international development finance institutions whose capital mandate and governance requirements align with BNH’s institutional standards.

DFI partnerships rest on audited accounts, disciplined governance, and capital discipline; these are the standards BNH holds itself to. We engage DFIs as long-term institutional partners, not as one-off financing sources.

04

International Capital Partners

BNH actively engages institutional capital partners beyond Africa, including Asian industrial and financial institutions, European development finance institutions, and global sovereign capital, that seek structured, governed, long-duration exposure to Africa’s structural growth trajectory.

We believe the right international capital partnership is built on alignment of investment timeframe and governance standard, not on short-term return expectations. We do not engage capital that requires governance compromise, information concealment from our board, or exit timelines inconsistent with the permanent capital model.

Common Questions

Who should approach BNH?

Institutions in one of four categories: co-investors, government and sovereign partners, development finance institutions, and international capital partners.

What does BNH look for in a co-investor?

A minimum five-year horizon, institutional governance standards, and a sector or geographic thesis that complements our own.

What kind of capital does BNH decline?

Capital that seeks short-term liquidity, requires governance compromise or concealment from the board, or carries an exit timeline inconsistent with the permanent capital model.

Partnership Enquiries

Institutional partnership enquiries are directed to:

partnerships@brendannicholas.com

Please include in your introductory communication: the name of your institution, the nature of your interest, and the contact details of the senior person responsible for this engagement. We acknowledge every serious enquiry within five working days.