Verod Capital Growth Fund III
Verod Capital Growth Fund III is a private equity fund seeking to invest in attractive growth opportunities in English-speaking West Africa.
Amount
€ 8,733,600.00
Type of investment
Equity
Development impacts
- Local economic growth
- Private sector consolidation/innovation
- Promotion of ESG best practices
Beneficiary locations
Investment field
Investment Companies & Funds
Activity
SME fund
The fund will primarily invest in Nigeria (min. 50%) and Ghana (max. 30%), with an opportunistic focus on Gambia, Sierra Leone and Liberia (max. 10%).
The Fund will invest in equity and/or equity linked instruments, securing a controlling equity stake or a significant minority interest. It will focus its efforts on SMEs active in high-growth sectors including consumer goods and services, light industrials, agribusiness, financial services, business services and education.
Development impacts
-
Local economic growth
The fund will provide long-term growth capital to SMEs active in anglophone West Africa (especially Nigeria and Ghana). The local financial institutions / PE investments do not sufficiently provide flexible patient financing to SMEs, having historically focused on larger transactions.
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Private sector consolidation/innovation
Verod provides comprehensive cross-functional support to portfolio companies, proactively adding value to them by identifying specific business needs and leveraging their capabilities and network.
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Promotion of ESG best practices
Verod has a meticulous approach to ESG: it is committed to incorporating ESG issues into investment analysis and decision-making and ensuring that its investee companies incorporate and disclose ESG matters.
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