Àrgentil receives support for $75m West Africa SME fund
Àrgentil Capital Management has been selected for the first cohort of the Blended Finance Accelerator for Fund Managers.
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Àrgentil Capital Management, a Nigeria-based private equity and asset management firm, has been selected for the first cohort of the Blended Finance Accelerator for Fund Managers (A4FM).
Convergence Blended Finance runs A4FM in partnership with Global Affairs Canada, providing selected fund and asset managers with catalytic grant funding and tailored acceleration support to help them scope, structure and launch blended finance vehicles for developing markets.
Àrgentil received proof-of-concept stage support to structure and launch the Àrgentil Investment Fund (ÀSIF), a $75 million growth-oriented private equity fund targeting underserved small and medium-sized enterprises in Nigeria and Ghana.
ÀSIF is designed with a dual-currency structure intended to enable participation from both international investors and domestic pension funds. Convergence’s support will focus on refining the foreign-exchange structuring framework, strengthening the local-currency sleeve, and advancing investor engagement, particularly with local pension funds, to validate and operationalise the model.
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