African Pension Funds Back CardinalStone’s $76M Private Equity Fund for West African SMEs

Three Nigerian pension managers joined international investors in the first close of a new private equity vehicle aimed at financing small and medium enterprises across West Africa.

3 Sept, 10:55 — 3 Sept, 10:55

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myjoyonlineMixed2d ago

African pension funds back CardinalStone’s US$76m private equity fund targeting West African SMEs

The growing appetite of African pension funds for private equity is gaining momentum, with three Nigerian pension managers joining international development finance institutions and other investors in a US$76 million first close of CardinalStone Capital Advisers’ second growth fund.

By Karen Tei

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African Pension Funds Back CardinalStone’s $76M Private Equity Fund for West African SMEs

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African pension funds back CardinalStone’s US$76m private equity fund targeting West African SMEs

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