Merit above all else
At Alteia Fund Management Ltd (AFML), strategic choices start with the same core question: does this transaction stand on its own merits?
Capital is committed only to opportunities that demonstrate a clear commercial rationale, a defined repayment pathway, and a risk profile aligned with the Fund’s investment parameters.
How we underwrite
Transactions are evaluated against the same criteria, assessed from three angles: the borrower, the transaction terms, and the protections built in for investors.
1. Borrower assessment
Operating track record, financial standing, KYC and AML screening, and the quality of trading counterparties are assessed before a facility is considered. Where appropriate, on-site due diligence and direct engagement with the borrower form part of the evaluation process.
2. Transaction terms
Tenor is aligned with the specific trade cycle, featuring a clearly identified repayment source. Security over underlying assets is fully confirmed prior to approval.
3. Covenants and control
Financial and operational covenants are built into every facility. Defined triggers, monitoring requirements, and remedies help protect investor capital throughout the life of the transaction.
Portfolio management and oversight
Investor capital is deployed within multiple geographies, sectors, counterparties, and tenors. This diversification is managed actively to prevent concentration at any single point in the portfolio, minimising the impact of any individual transaction on overall fund performance.
Strategic choices require Investment Committee approval prior to capital commitment. Once deployed, positions are monitored against defined performance indicators over the facility lifecycle. Where emerging risks are identified, the Fund implements defined controls, engages directly with counterparties, and takes appropriate action to protect investor capital.
Investment overview
Origination pipeline
Active opportunities
Funding demand
Portfolio composition
- Metals & Mining46%
- Agriculture34%
- Fuels11%
- Other9%
Last update: July 2026, reflecting H1 performance metrics.
From first assessment to final repayment, every transaction follows the same path.
1. Origination
Access to opportunities through established relationships and regional networks.
2. Underwriting
Assessment of borrower quality, transaction terms, and repayment visibility.
3. Investment Committee
Independent review and approval before capital is committed.
4. Execution
Legal documentation, security perfection, and facility implementation.
5. Monitoring
Ongoing oversight, performance tracking, and risk management throughout the transaction lifecycle.
6. Exit
Trade loan repaid and capital returned. Funds are then available for redeployment into new transactions within the portfolio.
Our commitments
Responsible investment
At Alteia, we invest responsibly by funding productive SMEs, strengthening corporate governance, and maintaining strict oversight throughout the lifecycle of every deal.
1. Supporting economy
We fund SMEs in essential industries, including agriculture, manufacturing, healthcare, and logistics. By unlocking regional and global trade, we help businesses protect supply chains and drive local economic growth.
2. Strengthening businesses
Our trade finance solutions support SMEs, employment, and critical infrastructure throughout Africa and the GCC. We view positive impact as the direct outcome of responsible lending.
3. Responsible stewardship
Disciplined underwriting, active monitoring, and continuous portfolio oversight underpin every transaction. This structured framework successfully mitigates risk, sustains long-term borrower relationships, and protects investor capital.
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