South Asia capital advisory firm

Capital raising across South Asia, Southeast Asia and Africa

TSW Capital raises debt and equity for companies and financial institutions across several countries in three regions. Most of our mandates have the same shape: a client in a frontier or emerging market looking for capital, and a lender or investor based across the globe. Bridging that gap — preparation, the structuring, the currency question, the regulatory approvals on both sides — is where we add value.

We have closed 49 transactions to date, arranging senior and subordinated debt, equity, green and sustainability-linked loans, local currency facilities, trade finance and structured finance.

South Asia

South Asia is our deepest market, with 37 closed transactions across India, Sri Lanka and Bangladesh. The work divides into two halves: raising offshore debt for Banks, NBFCs, NBFIs and microfinance institutions, and raising venture and growth capital for companies in energy, mobility and consumer.

  • India — external commercial borrowings, foreign currency term loans, project finance, venture and growth equity, structured finance. View market →
  • Sri Lanka — DFI funding, green loans and local currency structures for licensed banks and NBFIs. 22 closed transactions. View market →
  • Bangladesh — offshore senior debt, term loans and trade finance for licensed banks, plus debt and equity for energy businesses and fintech. View market →

Southeast Asia

We work with financial institutions, fintech and energy businesses in Singapore, Vietnam, Indonesia and the Philippines — arranging senior debt, term loans, structured finance, private credit and venture and growth equity. View market →

Africa

Our African work is concentrated in renewable energy — commercial and industrial solar financing in South Africa, and equity into renewable energy and hydro power across Sub-Saharan and North Africa. View market →

Transactions by market

Market Closed transactions What we raise there
Sri Lanka 22 Senior and subordinated debt, green loans, LKR-equivalent facilities, deposits
India 8 Foreign currency and INR term loans, credit lines, senior debt, venture and growth equity
Bangladesh 7 Senior debt, term loans, trade finance, equity
Africa 5 C&I solar term loans, bridge finance, renewable energy, venture and growth equity
Southeast Asia 5 Senior debt, term loans, structured finance, venture and growth equity

Talk to us about your market

If you are raising capital in any of these markets, tell us what you are trying to fund and we will tell you whether we can help and which lenders and investors are likely to participate.

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Our geographies: Sri Lanka  ·  India  ·  Bangladesh  ·  Africa  ·  South East Asia