African Capital Alliance overview
Stories about African Capital Alliance
ACA holds $200m first close on West African fund
CAPE III is already larger than Lagos-based African Capital Alliance’s previous private equity vehicles, thanks in part to commitments from DFIs and Nigerian institutions. Up to 40 percent of the fund, which is targeting as much as $500m, may be invested in the energy sector.
West African fund targets up to $500m
African Capital Alliance has attracted a $50m commitment from UK government-owned fund of funds CDC Group.
Angel Capital Association Names New Chair And Three New Directors
The Angel Capital Association named David Verrill, co-founder of Hub Angels Investment Group, as its board chair. ACA also elected three new directors, Mike Eckert of Atlanta Technology Angels, Christopher Mirabile of LaunchPad Venture Group, and Jean Peters of Golden Seeds.
African Capital Alliance Raises $200 Million
African Capital Alliance has held a $200 million first close on its third private equity fund, which invests in Nigeria and the West African sub-region. It is targeting $350 million. Limited partners include CDC Group, the European Investment Bank, the International Finance Corp., Netherlands Development Finance Corp., First Trustees Nigeria, AIICO Insurance and Africa Re-insurance Corp.
CDC Commits $50 Million To West African Fund
CDC Group has committed $50 million to African Capital Alliance's third private equity fund, which will make control and non-control investments into mid-sized companies in Nigeria and other West African and Gulf of Guinea nations.
African Capital Alliance contact information
Offices
Suite 10D2, Cascavelle Business Park, Riviere Noire Road, Cascavelle, 90522, MauritiusContacts
| Name | Job title | Location | |
|---|---|---|---|
Key Contact Ms. Ogedi Onyeama | Job titlePrincipal, Investor Relations | LocationLagos, Nigeria | Email  ----------- |
| Mr. Ashraf Ali Deenmahomed | Job titleDirector and COO | LocationCascavelle, Mauritius | Email --------- |
| Mr. Olubunmi (Bunmi) Adeoye | Job titlePrincipal, Investments | LocationCascavelle, Mauritius | Email ---------- |
| Mr. Gbenga Adetoro | Job titlePartner | LocationLagos, Nigeria | Email ----- |
African Capital Alliance funds managed
Funds in market: 1
| Fund | Fund size | Open date | Strategy |
|---|---|---|---|
Fund size ------ | Open date- | Strategy ----- | |
Closed funds: 4
| Fund | Fund size | Close date | Strategy |
|---|---|---|---|
Fund size ----- | Close dateAug 2016 | Strategy ---------- | |
Fund size ------- | Close date- | Strategy -------- | |
Fund size ----------- | Close date- | Strategy ------ | |
Stories that mention African Capital Alliance
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Africa dealmaking bounces back in 2016
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AVCA appoints five new directors
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Geldof's fund buys stake in Nigerian biscuit maker for $80 mln: Reuters
A group of private equity investors led by rock star Bob Geldof have acquired a minority stake in Nigerian biscuit maker Beloxxi Industries Limited for $80 million to help the company expand, they said on Monday.