• Discover opportunities in frontier markets

    We partner with proven management teams to create resilient businesses which capitalise on significant secular growth trends in frontier markets. Our Funds profit by solving fundamental issues for the mass market in frontier markets: a process which often requires building new ecosystems where no incumbents or competitors exist.

Transformative investing in frontier markets


Sturgeon has invested in Frontier Markets for 15 years


We only consider companies capable of generating a minimum 5x return


We maintain active board representation on 100% of our companies


We aim to support 500k jobs through the companies in Fund 2

Seizing the growth and potential of the world’s most exciting markets

Sturgeon Capital seizes growth opportunities in the Frontier Markets we operate in, with in-country teams and a commitment to a data-driven investment process that involves partnering with future industry-leading businesses that leverage each individual market’s unique growth dynamics.


Investment Insights Our Approach Funds

A ‘new economy’ approach to frontier market investing Insights

In this edition of Sturgeon Insights, the team write about how the emergence of cheaper forms of technology and increased levels of connectivity have transformed the nature of investing in frontier markets.

Find out more
Laying the groundwork for investing in frontier markets Insights

In this edition of Sturgeon Insights, the team draws on their 15 years of experience investing in frontier markets to summarise six components of their successful investment approach

Find out more
An introduction to Sturgeon’s impact investing approach Insights

In this edition of Sturgeon Insights, the team introduce their data-driven approach to impact investing. The central premise of the team’s rigorous impact framework is that investing in innovative, technology-enabled companies that create private-sector jobs can generate long-term sustainable social impact and superior financial returns for investors.

Find out more

At Sturgeon, we employ a framework for reviewing business models in frontier markets which stresses the importance of a business’s flexibility and resilience to succeed irrespective of macro headwinds.

Our approach

Frontier markets have, for a long time, offered the promise of high returns driven by structural dynamics. However, investor returns have historically failed to match this structurally higher GDP growth, due to the elevated macro volatility associated with these markets.

Sturgeon believes that resilient businesses driven by secular trends can deliver superior returns in-line with high GDP growth irrespective of any economic volatility. To find out more about our approach to investing in frontier markets and current funds, please get in touch.

Alex Branton

Investment Director

Find out more

Our investment team is available to provide further details about Sturgeon’s Frontier Market opportunities. Complete the form for more details.

    Frontier market funds


    Join our mailing list

      Subscribe to our newsletter for investor insights