African Corporate Credits

Opportunity keeps coming at us. Momentum is clearly on our side. Great thing about the structure we have set up for the fund, a Cayman Segregated Portfolio Company, is that we can have as many Classes as we like going forward. Last night, we met with a regional African credit originator. Great chap. Very competent. Clearly fed up with the sell side and the credit crisis (who isn't). Not concerned about the 25bps rate hike in Nigeria. He thinks he can return some 20% as a portfolio investor. We discussed the possibility of our having a new Class of share focused on the Sub Saharan African Corporate Credits. Obviously, early stages yet but that sort of return would obviously make considering such a thing worthwhile. Shows the word on our activities is also attracting like minded people.