Private Equity

ACA manages four distinct private equity funds. These funds have obtained capital commitments of over $1 billion and are managed by more than 20 investment professionals who live and work in the markets where we invest.

Ultimately, we seek to:

  • Understand local African markets and how to create-long term value in them
  • Back the right people through synergistic relationships, alignment of interests and shared results
  • Produce synergy with a Win-Win approach
  • Focus on long-term sustainable results, with efforts that are value-driven

ACA has raised and invested four corporate-focused private equity funds

Size: US$ 35 million
Geographic Coverage: Nigeria

Capital Alliance Private Equity I (CAPE I) was a US$ 35 million fund set up in 1998 to make investments in high growth target sectors in Nigeria. CAPE I made 11 investments which have all been liquidated.

Size: US$ 100 million
Geographic Coverage: West Africa

ACA launched Capital Alliance Private Equity II (CAPE II), a US$ 100 million fund, in 2006 to make equity and equity-related investments in high-growth target sectors including oil & gas, telecommunications, financial services and outsourcing services.

Size: US$ 397 million
Geographic Coverage: West Africa (including the Gulf of Guinea)

ACA launched Capital Alliance Private Equity III (CAPE III), a US$ 397 million fund, in 2009 to make equity and equity-related investments in high-growth target sectors in West Africa and the Gulf of Guinea region. The fund’s target sectors include oil & gas, telecommunications, financial services and outsourcing services.

Size: US$ 570 million
Geographic Coverage: West Africa (including the Gulf of Guinea)

ACA launched Capital Alliance Private Equity IV (CAPE IV), a US$ 570 million fund, in 2016 to make equity and equity-related investments in high-growth target sectors in West Africa and the Gulf of Guinea region. The fund’s target sectors include Business Services, Energy, Fast Moving Consumer Goods (FMCG), Financial Services, and Telecommunications, Media & Technology (TMT).