Skip to main content
Infrastructure & Transaction Advisory

Advising Bankable Infrastructure. Structuring Capital for Delivery.

Capernaum Capital is a specialist infrastructure and transaction advisory firm focused on project preparation, capital structuring, and capital mobilisation across public-sector, municipal, and strategic infrastructure mandates in Africa.

Discuss a MandateView Services

Projects become bankable through disciplined preparation — not through capital availability.

Thesis

Infrastructure does not attract capital. Bankable infrastructure does.

Strategic Framework

The Capital Problem

Three structural gaps that determine whether infrastructure attracts institutional capital — or never reaches financial close.

01

Project Conception vs. Reality

Bridging the gap between developmental ambition and the rigorous technical requirements of institutional investors.

02

Risk Allocation Disconnect

Aligning public sector objectives with private sector risk appetites through disciplined structuring and clear accountability.

03

The Preparation Deficit

Resolving the shortage of early-stage funding and technical expertise required to reach financial close on major infrastructure assets.

Infrastructure Transaction Lifecycle

From infrastructure priority to capital deployment.

Bankability is built through disciplined preparation, clear transaction logic, credible documentation, and structured capital engagement.

  1. Project Priority

    Clarify the infrastructure need, strategic objectives, stakeholders, delivery outcomes, and mandate context.

  2. Pipeline Review

    Assess strategic alignment, project maturity, institutional readiness, implementation risks, and funding potential.

  3. Readiness Assessment

    Evaluate technical, commercial, financial, legal, environmental, governance, and affordability considerations.

  4. Bankability Preparation

    Prepare investor-ready documentation, funding memoranda, risk allocation strategies, project packaging, and transaction frameworks.

  5. Transaction Structuring

    Develop commercial models, implementation arrangements, procurement pathways, contractual frameworks, and governance structures.

  6. Capital Strategy

    Identify the most appropriate mix of grants, DFIs, commercial lenders, institutional investors, blended finance, and private capital.

  7. Capital Mobilisation

    Coordinate structured engagement with investors, financiers, development finance institutions, infrastructure funds, and strategic capital partners.

  8. Financial Close & Delivery Support

    Support negotiations, approvals, financial close, implementation readiness, governance, reporting, and transition into project delivery.

Explore Our Approach
Strategic infrastructure asset
Plate 01 · Strategic Infrastructure
Projects fail long before funding discussions begin.
— On the preparation deficit.
Services

Advisory disciplines for bankable infrastructure.

From project preparation through capital mobilisation — structured for institutional counterparties.

Project Preparation

From strategic concept to institutional readiness across feasibility, demand, environmental, legal, and financial workstreams.

Readiness · Documentation

Transaction Advisory

Commercial architecture that allocates risk credibly between sponsors, lenders, government, and offtakers.

Structuring · Governance

Capital Mobilisation

Structured engagement with lenders, DFIs, sponsors, and co-investors to reach financial close.

DFI · Commercial · Blended
Explore Services
Sectors

Sector expertise across critical infrastructure.

Advisory support tailored to the capital and delivery dynamics of each infrastructure class.

Municipal Infrastructure

Funding strategy and preparation for multi-jurisdiction municipal programmes.

Water · Transport · Utilities

Water & Sanitation

Bankability preparation for water security and sanitation mandates.

Preparation · Structuring

Transport & Logistics

Transaction structuring for corridors, ports, and regional connectivity.

Blended Finance · PPP
View Sectors
Experience

Institutional advisory experience.

Domains of practice built on mandates and standing relationships — not project marketing.

Municipal Infrastructure

Preparation and structuring of large-scale municipal mandates.

Water · Transport · Urban Utilities

Capital Structuring

Engineering of bankable financial and contractual architecture.

Senior · Mezzanine · Sponsor

Development Finance

Engagement of DFIs around credible institutional propositions.

DFI · Concessional · Guarantee
View Experience
Insights

Thought leadership on infrastructure bankability.

Perspectives on preparation, structuring, and capital mobilisation for complex mandates.

What Makes Infrastructure Bankable?

The institutional criteria that determine whether projects attract capital at scale.

Bankability · Preparation

Capital Follows Preparation

Why disciplined early-stage work determines funding outcomes.

Preparation · Strategy

Municipal Funding Strategy

Structuring credible funding pathways for municipal infrastructure programmes.

Municipal · Funding
Read Insights
Mandates

Discuss your infrastructure mandate.

We advise public-sector, municipal, and institutional counterparties on preparation, structuring, and capital mobilisation.

Discuss a MandateOur Approach