The Lagos, Nigeria-based private equity investment adviser holds first close for Ghana and Nigeria-focused fund.
Kuramo Capital Management (“Kuramo”), an Africa focused investment management firm, is pleased to announce its fifth anchor fund commitment in Nigeria in five years. Kuramo has made a US$15 million commitment to CardinalStone Capital Advisers Growth Fund (“CCAGF”), a generalist private equity fund launched by CardinalStone Capital Advisers (“CCA”) which will focus on investing in small and medium-sized businesses in Nigeria and Ghana.
CDC, the UK’s development finance institution, has today announced a new investment designed to support high-growth SMEs in Nigeria. CDC has made a US$15 million commitment to CardinalStone Capital Advisors Growth Fund (“CCA”).
Commonwealth Development Corporation (CDC) Group has continued to provide financial support to small and medium enterprises in Nigeria. The CDC Group recently announced another round of investment that supports the developmental plans of CardinalStone Capital Advisors Growth Fund (CCA).
CardinalStone Capital Advisers (CCA), an investment adviser based in Lagos, Nigeria, has recently achieved a US$50mn first close of its private equity fund, CardinalStone Capital Advisers Growth Fund LP (CCAGF or the Fund). Anchor investors in the first close included Kuramo Capital, CDC Group, FMO—the Dutch development bank and the Nigerian Sovereign Investment Authority.
CardinalStone Capital Advisors, a private equity firm based in Lagos, Nigeria, is raising its first fund – CardinalStone Capital Advisors Growth Fund (CCAGF). CCA was established in 2016 by Yomi Jemibewon, (“Yomi”) and Femi Ogunjimi, (“Femi”), two Nigerian investment professionals with strong investment backgrounds and track records. CCA was spun out of CardinalStone Partners (“CSP”), an independent Nigerian investment bank founded by Femi and Yomi, with two other partners, in 2008.
Sahel Capital, fund managers for the Fund for Agricultural Finance in Nigeria (“FAFIN”) and CardinalStone Capital Advisers (“CCA”), a Nigerian Private Equity Fund Manager, are pleased to announce that definitive agreements have been executed for an investment in Crest Agro Products Limited (“Crest Agro”), an integrated cassava processor based in Kogi State.