OTJ Capital Investment Thesis
Patient capital,
priced for the continent.
We invest where the capital cycle is structurally short and the demographic cycle is structurally long. The mismatch is the opportunity.
Our job is to underwrite Africa on its own terms, without imported assumptions about exit windows, dollar liquidity, or governance pace.
Demographic compounding
Africa adds a million working-age consumers every nine days. Companies built around that base do not have to win share. They have to keep up. The demographic delta funds the cash flow.
Capital scarcity premium
Africa receives less than 1% of global private capital and roughly 4% of global venture flows. Underwriting standards reflect that scarcity. Real assets clear at unlevered yields most developed markets cannot price.
Operator alignment
Through OTJ Holdings, our LPs sit alongside operators who already run businesses on the continent. We co-invest, we share board seats, and we extend the holding period as long as the unit economics justify it.