For a breakdown of African Capital Alliance’s deals and fundraises, visit our Dealmaker’s Log.
The International Finance Corporation has disclosed a proposed investment of up to $30 million in the Capital Alliance Private Equity Fund V (CAPE V), alongside a $20 million co-investment envelope.
The fund’s sponsor, African Capital Alliance (ACA), is a private equity firm founded in 1997 and based in Lagos, Nigeria. Okechukwu Enelamah is a founder and the chairman of the firm.
The fund is targeting $500 million in total commitments, with a hard cap of $750 million. It will invest exclusively in Africa, primarily in sub-Saharan Africa.
CAPE V will seek controlling or significant minority stakes in mid-cap companies, with investment sizes ranging from $20 million to $80 million. It plans to build a portfolio of 10 to 15 companies.
ACA has raised more than $1.2 billion across four private equity funds and one real estate fund.
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