About Us

We are Cygnum Capital

An investment banking and asset management firm with a deep and proven understanding of frontier and emerging economies across Asia, Africa and the Middle East. Formerly trading as Lion’s Head Group we are now entering a new chapter for the company, expanding our international footprint and client base as Cygnum Capital.

Established in 2008 as Lion’s Head, Cygnum Capital has grown from a small advisory business into a global operation, becoming one of Africa’s largest fund managers, and broadening our Investment Banking footprint internationally, advising clients on “first-of-their-kind” transactions across key sectors including critical minerals, financial services, infrastructure, power, healthcare and real estate.

Today, we work across the world, with 70 employees, in five offices and four continents. We have two major hubs: in London and Nairobi, and other offices in Lagos, Dubai and Amsterdam, bringing our clients local expertise, with a global outlook. We take a cross-functional approach, bringing the right combination of geographic and sectoral expertise, plus product, and industry knowledge, to our clients.  

Our client base is global and includes governments, multilateral institutions, corporations and financial institutions, as well as development agencies and foundations.

Cygnum in Numbers


Years of business








Sustainability is at the core of what we do, across the funds we manage and the services we provide. Our long-term success is built on an unwavering commitment to addressing global socio-economic and environmental challenges through the development of financial markets.  

Our culture puts clients first, delivers outstanding services, and upholds the highest professional standards.  

Our Journey

Lion’s Head established in London by Clemens Calice, Bim Hundal, and Christopher Egerton-Warburton, after working together at Goldman Sachs.
Lion’s Head Asset Management is established
African Local Currency Bond Fund (ALCBF) is launched
Our Nairobi office opens
The Lagos office opens

Off-Grid Energy Fund (OGEF) launches

We complete our 200th Investment Banking project
Facility for Energy Inclusion: On-Grid (FEI) is established

Our funds reach US$ 500m AUM
Dubai office opens
Our funds reach $600m AUM
Amsterdam Office opened

Africa GoGreen Fund was launched
E3 Low Carbon Economy Fund was launched

Our funds reach $750m AUM

Christopher Egerton-Warburton spins out Lion’s Head Global Partners LLP as a financial advisory business focused on Development Finance and Global Health.
Lion’s Head Group enters a new phase as Cygnum Capital under Clemens Calice, with over 70 employees across 5 offices and four continents