Advisory · Sovereign & Development

Project advisory for states and DFIs, from a firm on the ground.

Preparation and delivery to investor standards for states, development-finance institutions and development programmes, from a firm that operates in the markets it advises on.

US$60mDevelopment capital approved
6Countries, one programme
Ondo StateField delivery
FCARegulated UK platform
What we do

The services.

C1 · DFIs

DFI & Development Bank Mandates

Value-chain studies, market analysis, company and portfolio due diligence, and investment-programme design for development-finance institutions and multilateral lenders.

C2 · States

State & Public-Sector Advisory

Investment-programme and PPP preparation for governments and sub-sovereigns, built to private-investor standards, bankable from day one, with transaction support through to close.

C3 · Delivery

Programme Implementation

Field-level delivery and monitoring: farmer registration, traceability systems and supply-chain programmes implemented in-country to a funder’s specification.

C4 · Impact

Impact, ESG & Climate

EUDR readiness and traceability compliance, ESG frameworks for emerging-market operators, impact measurement, and carbon readiness and baseline studies, with verification through accredited partners.

How an engagement runs

Five stages, one standard.

Delivery is principal-led, with named accountability at every stage. Most mandates start with a four-week study: one named asset, a fixed fee and a written recommendation either way.

01

Understand

We start with your actual question, not our template. Scope, timeline and commercial terms are stated at the outset.

02

Assess

Evidence assembled and verified in the field. Every number that leaves the firm has a source, a check and a signature.

03

Recommend

A defined first engagement: four weeks, a fixed fee, and a written recommendation either way.

04

Execute

From business case to close: investment materials, counterparties and transaction support.

05

Stay

Implementation support, monitoring and ongoing counsel. Our longest relationships renew year after year.

Selected work

Representative mandates.

Client and counterparty names are withheld; references are available to qualified parties on request.

Sovereign & Development

Six-country cocoa value-chain initiative

2025–26 · West Africa
The situation

A pan-African trade-finance institution needed an investable architecture for intervening across the West African cocoa value chain: six countries, from farm-gate aggregation to processing and export.

What we did

Three research papers, an investment-committee-grade financial model of a vertically integrated platform, and the final recommendation to the executive: terms of reference to the executive table in one cycle.

The outcome

The programme was approved for US$25m of equity and US$35m of debt, and is moving toward implementation.

US$25mEquity approved
US$35mDebt approved
6Countries
Sovereign & Development

National inspection strategy for a sovereign

2024 · Central Africa
The situation

A Central African state ran a national vehicle-inspection regime with compliance below 30%: a revenue and road-safety failure.

What we did

We designed the national strategy around a tiered pricing model: affordability-calibrated fees, enforcement sequencing and an implementation path bankable for private operators.

The outcome

A design targeting compliance toward 90%, structured so the economics work for the state, the operator and the citizen.

<30%Compliance today
~90%Design target
Sovereign & Development

Field-delivered EUDR traceability, Ondo State

2025 · Nigeria
The situation

EU deforestation regulation makes untraceable cocoa unsellable into Europe. A European buyer required farm-level traceability to its own specification.

What we did

Farmer registration, geolocation polygon mapping and certification alignment with Rainforest Alliance standards, delivered by our own team in-country.

The outcome

A registered, geolocated supply base meeting the buyer’s specification: EUDR readiness as delivered infrastructure, not a policy PDF.

Conflicts of interest. Lundy may act as adviser on a project and, separately, as a potential investor in it. Where that possibility exists, we disclose it to the client in writing before the engagement begins, and manage it under the firm’s conflicts-of-interest policy. Any investment by a Lundy fund requires its own investment-committee approval.