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Strategic advisory and investment firm
for ambitious founders building sustainable growth

Why Toppako?

OUR PHILOSOPHY

Toppako comes from Japanese kanji 突破口, meaning «Breakthrough».

We partner with ambitious companies to strengthen governance, forge partnerships, and structure smart capital solutions

OUR VISION

YOUR CHANCE

Scaling fast breaks what’s fragile. SMEs often grow faster than their internal systems can support, creating governance gaps that manifest as cash constraints, slow decision-making, and operational stress. We partner with companies to strengthen the foundations that make growth sustainable.

OUR MISSION

YOUR CHALLENGE

Besides adequate structuring and local resources on the ground, Toppako will bring a solid understanding of the cultural, geographic and leadership differences at play, and call for the indispensable long term perspective and management commitment needed for such far-reaching transformational initiatives.

About us

YOUR GAIN

OUR VALUE

We turn early market signals into clarity, traction, and investor‑ready growth — side by side with the founders who build the future.

A journey we walk together.

Leveraging their experience both in Private Equity and as executives with global industry leaders, eading to cash flow pressure, decision-making bottlenecks, and strained partnerships. We help companies build the strategic and operational foundations that turn growth opportunities into sustainable success.

YOUR KEY

OUR EXPERTS

YOUR KEY

OUR EXPERTS

Christian Jonniaux :: Managing Partner

Casablanca  ::    ::  

christian Jonniaux
  • 20+ years executive in the telecom and transport infrastructure sectors. His career extends over numerous roles in entrepreneurship with a geographical focus spanning Europe, Africa, and the Middle East. Since January 2024, Christian has been a full-time Partner at Toppako Capital, while also being a Member of YPO Casablanca since March 2023.

Gregory Van Bellinghen  ::  Managing Partner

Brussels/Rabat ::   ::    ::  

Gregory Van Bellinghen

  Managing Partner

Brussels/Rabat  ::   ::    ::  

  • 12 years PE experience, leading Euro-Asia transactions in brands, digital and technology space. (Pipe, convertible, co-investments, venture).
  • 10 years financial services industry (banking & multilateral organization). On the board of listed and private companies. 4 years in Tokyo, 6 years in China

Contact

Get in touch with us!

Leave us a message and we will be pleased to get back to you soon…

Toppako Capital Offices

Europe

231, Avenue Louise
1050 Bruxelles, 

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This picture © Yoshinori Mizutani

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