GuarantCo was established to mobilise local currency credit solutions for infrastructure projects and to support the development of capital markets in lower income countries across Africa and Asia. GuarantCo is part of the Private Infrastructure Development Group (PIDG).
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GuarantCo is funded by the governments of the United Kingdom, Switzerland, Australia and Sweden, through the PIDG trust, the Netherlands through FMO and the PIDG trust, France through a stand-by facility and Global Affairs Canada through a repayable facility.
GuarantCo is part of the Private Infrastructure Development Group (PIDG) as are PIDG Technical Assistance, DevCo, InfraCo Africa, InfraCo Asia and the Emerging Africa Infrastructure Fund (EAIF).
GuarantCo’s activities are managed by GuarantCo Management Company which is part of Cardano Development. The Fund Manager is responsible for implementing GuarantCo’s investment strategy and managing its portfolio.
FUNDERS
SHAREHOLDERS
FUND MANAGERS
GuarantCo, through GuarantCo Management Company (GMC), manages its activities through a fund manager, Cardano Development, under an exclusive long-term contract.
The Fund Manager is the principal point of contact for GuarantCo and is responsible for advising GuarantCo on transactions including origination, structuring, documentation, performing due diligence and monitoring GuarantCo’s portfolio.
Cardano Development took over management of GuarantCo in May 2016. Committed to help frontier economies develop and prosper by introducing innovative financial risk management products and services to make people and businesses, active in the local economy, more resilient and protected against risk.
Cardano Development focuses on developing innovative financial risk management solutions that are practical and can be scaled up. The company has incubated and grown the following funds: TCX, Frontclear, BIX Capital, ILX and the Water Finance Facility.
