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Dutch Good Growth Fund (DGGF) has committed $8 million to the CCA Growth Fund II (CCAGF II), managed by CardinalStone Capital Advisers.
CCAGF II is targeting about $120 million. CardinalStone Capital Advisers recently announced a $76 million first close for the fund.
DGGF joined the first close alongside returning investors International Finance Corporation, British International Investment and SCM Capital. New investors include CardinalStone Partners, Stanbic IBTC Pension Managers, Access ARM Pensions and FCMB Pensions.
CCAGF II will invest in high-growth SMEs in Nigeria, Ghana, Côte d’Ivoire and Senegal.
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