Upcoming Projects
Paragon Investment Capital never stands still. While our executed projects tell the story of where we have been, our pipeline tells the story of where we are going, and right now, that story is one of deliberate expansion, carefully selected opportunities, and a firm that is as active and engaged as it has ever been.
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Current Pipeline
The projects featured on this page represent businesses currently under evaluation, in active due diligence, or in advanced negotiation. Each one has been identified through our deal sourcing network, assessed against our investment criteria, and selected for its potential to deliver meaningful, measurable growth. We move carefully, but we move with conviction — and every project in our current pipeline is one we believe in.
Where a project is subject to confidentiality obligations or active negotiation, we identify it by codename and sector only. Full details are made available to verified investors and relevant counterparties at the appropriate stage of the process. If you are an investor seeking early pipeline visibility, contact our investor relations team directly.
| Codename | Sector | Location | Stage | Expected Close |
|---|---|---|---|---|
| Project Orion | Financial Technology | United Kingdom | Due Diligence | Q1 2027 |
| Project Savanna | Agriculture & Agritech | East Africa | Term Sheet Issued | Q1 2027 |
| Project Meridian | Healthcare & Diagnostics | United States | Advanced Negotiation | Q2 2027 |
| Project Atlas | Renewable Energy | West Africa | Initial Review | Q2 2027 |
| Project Crest | Real Estate Development | United Arab Emirates | Due Diligence | Q3 2027 |
| Project Indigo | Education Technology | Southeast Asia | Term Sheet Issued | Q3 2027 |
| Project Falcon | Logistics & Supply Chain | Gulf Region | Initial Review | Q4 2027 |
| Project Nova | Consumer Goods & Retail | Canada | Due Diligence | Q1 2028 |
Deal Stages Explained
Private equity deal stages can be unfamiliar territory for first-time founders. Here is exactly what each stage means at Paragon Investment Capital and what you can expect from us at each point in the process.
| Stage | What It Means | Typical Duration |
|---|---|---|
| Initial Review | The business has passed our first-level screening. We have reviewed the pitch and are gathering further information before deciding whether to proceed to full due diligence. The founding team will typically have had one introductory call with our investment team at this stage. | 1 – 2 weeks |
| Due Diligence | We are conducting a comprehensive evaluation of the business covering financials, market position, legal and regulatory standing, leadership capability, and strategic fit with our portfolio. Management meetings, site visits, and third-party reports may all form part of this process. | 4 – 8 weeks |
| Term Sheet Issued | Due diligence has been completed satisfactorily. We have issued a term sheet outlining our proposed investment structure, valuation basis, equity stake, governance arrangements, and key conditions precedent. The business and PIC are in active negotiation on the terms. | 2 – 4 weeks |
| Advanced Negotiation | Term sheet terms have been substantially agreed by both parties. Legal documentation is being prepared and finalised, remaining conditions are being addressed, and the transaction is on track to close within the expected timeframe. | 2 – 6 weeks |
Sectors We Are Actively Targeting
Our current fund mandate and forward-looking market analysis have led us to prioritise the following sectors for new investment. These are areas where we see compelling structural tailwinds, underserved capital needs, and strong potential for value creation through active ownership.
| Sector | Why We Are Interested | Preferred Stage |
|---|---|---|
| Financial Technology & Digital Banking | Rapid adoption across emerging markets and underserved populations is creating exceptional opportunities for scalable, technology-driven financial services businesses. | Series A – Growth |
| Healthcare & Life Sciences | Ageing populations, rising demand for diagnostics, and digital health infrastructure gaps across multiple regions present durable, long-term investment opportunities. | Growth – Expansion |
| Agriculture & Agritech | Food security challenges and technology-driven productivity improvements in African and Asian markets are creating scalable businesses with strong social and financial returns. | Seed – Series B |
| Renewable Energy & Clean Infrastructure | The global energy transition is creating urgent capital needs across solar, wind, and microgrid infrastructure — particularly in markets where grid access remains limited. | Series A – Growth |
| Real Estate & PropTech | Urbanisation trends across Africa, the Middle East, and Southeast Asia are driving demand for residential, commercial, and mixed-use development at scale. | Project Finance – Growth |
| Education & EdTech | Access to quality education remains a structural challenge across multiple high-growth markets, creating opportunity for both traditional and technology-driven education businesses. | Growth – Expansion |
| Logistics & Supply Chain | E-commerce growth, trade corridor development, and supply chain digitalisation are driving demand for modern, technology-enabled logistics businesses across emerging markets. | Growth – Expansion |
| Consumer Goods & Retail | Rising middle-class consumption in Africa, Asia, and Latin America is creating strong demand for differentiated consumer brands with scalable distribution models. | Seed – Series B |
What We Look For
Every business that enters our pipeline is assessed against the same core investment criteria. These are not arbitrary checkboxes — they reflect a decade of investment experience and a clear understanding of what separates businesses that grow from businesses that merely survive.
| Criteria | What We Assess |
|---|---|
| Leadership Quality | Strong, experienced founders and management teams with a clear vision, the ability to execute under pressure, and the openness to work collaboratively with an active investment partner. |
| Business Model | A scalable model with demonstrated or clearly credible revenue pathways, sound unit economics, and the structural capacity to grow without proportional cost increases. |
| Market Opportunity | A sizeable, growing market with room for a well-capitalised, well-managed business to capture meaningful share. We prefer markets with structural tailwinds over those dependent on cyclical conditions. |
| Competitive Advantage | A defensible position — whether through technology, proprietary relationships, regulatory advantage, brand equity, or operational excellence — that is difficult for competitors to replicate quickly. |
| Revenue Sustainability | Sustainable, recurring, or clearly repeatable revenue with a track record or credible plan for continued growth. We look carefully at customer retention, contract structures, and revenue concentration. |
| Exit Potential | A realistic and attractive path to exit within a three to seven year horizon, whether through strategic acquisition, merger, management buyout, or public listing. |
| Governance Readiness | A willingness to build and operate within a proper governance framework — including board structures, financial reporting standards, and compliance obligations appropriate to the business stage. |
Submit Your Business for Consideration
If you are a founder or business owner seeking growth capital and believe your business meets our investment criteria, we want to hear from you. We review every submission personally and respond within ten business days where there is a potential fit. If your business is not the right fit at this time, we will tell you clearly and, where possible, explain why.
Your initial submission should include the following:
- 1. A brief overview of the business and the problem it solves
- 2. Your current revenue stage and recent financial performance
- 3. The amount of capital you are seeking and how you intend to use it
- 4. Your vision for the business over the next three to five years
- 5. Any existing investors, advisors, or strategic partners
A full pitch deck is not required at this stage but is welcome if you have one prepared. All submissions are treated with strict confidentiality.
For Existing and Prospective Investors
Verified investors in Paragon's funds receive regular pipeline updates and are notified of co-investment opportunities ahead of formal close. If you are an existing investor and are not currently receiving pipeline communications, please contact your relationship manager directly.
If you are a prospective investor interested in gaining visibility on our current and upcoming deal flow, we invite you to contact our investor relations team to discuss your investment mandate and how it might align with our pipeline.
We operate a selective co-investment programme that allows qualified investors to participate directly in individual transactions alongside our fund capital. Minimum co-investment thresholds and eligibility criteria apply.
A Note on Confidentiality
All projects listed on this page are identified by codename only. We do not disclose the names, locations, or identifying details of businesses in active negotiation without the prior consent of the relevant founders and management teams. This is a matter of professional obligation and mutual respect — the same standard we would expect any counterparty to apply to our own dealings.
Full project details, including company names, financial information, and transaction terms, are shared exclusively with verified investors and authorised counterparties under appropriate non-disclosure agreements.
