Key Takeaways
- • The International Finance Corporation (IFC) has proposed committing up to US$30 million to African Capital Alliance's Capital Alliance Private Equity Fund V (CAPE V), with an additional US$20 million co-investment facility under consideration to support transactions alongside the fund.
- • CAPE V targets US$500 million in investor commitments, with a hard cap of US$750 million if fundraising exceeds expectations.
- • The fund will invest exclusively in Africa, concentrating mainly on sub-Saharan markets, and will take controlling or significant minority stakes in mid-sized companies.
- • Individual investments are expected to range from US$20 million to US$80 million across a portfolio of roughly 10 to 15 companies.
- • African Capital Alliance (ACA), founded in 1997 and headquartered in Lagos, Nigeria, has raised more than US$1.2 billion across four private equity funds and one real estate fund.
Summary
The International Finance Corporation (IFC) has revealed plans to commit up to US$30 million to Capital Alliance Private Equity Fund V (CAPE V), according to the publication. The IFC is also considering an additional US$20 million co-investment facility to support transactions alongside the fund. The proposed investment is presented as part of the IFC's continued commitment to private sector growth and long-term capital deployment across Africa.
CAPE V is sponsored by African Capital Alliance (ACA), one of Africa's leading private equity firms. Established in 1997 and headquartered in Lagos, Nigeria, ACA has built a track record of investing in and scaling businesses across the continent. The firm was co-founded by Okechukwu Enelamah, who currently serves as Chairman.
The fund aims to raise US$500 million in investor commitments, with flexibility to increase its size up to a hard cap of US$750 million if fundraising exceeds expectations. CAPE V will focus exclusively on African opportunities, with most investments expected in sub-Saharan markets. The fund will target mid-sized companies across a range of sectors, acquiring either controlling interests or significant minority stakes in businesses with strong growth potential. Individual investments are expected to range between US$20 million and US$80 million, and the portfolio is expected to comprise approximately 10 to 15 companies.
Through active ownership and operational engagement, ACA aims to help portfolio companies expand market presence, improve efficiency, strengthen governance frameworks, and accelerate long-term growth. The launch of CAPE V represents the next phase of ACA's strategy to identify high-growth African enterprises and create value through long-term investments and strategic partnerships.
CAPE V is sponsored by African Capital Alliance (ACA), one of Africa's leading private equity firms. Established in 1997 and headquartered in Lagos, Nigeria, ACA has built a track record of investing in and scaling businesses across the continent. The firm was co-founded by Okechukwu Enelamah, who currently serves as Chairman.
The fund aims to raise US$500 million in investor commitments, with flexibility to increase its size up to a hard cap of US$750 million if fundraising exceeds expectations. CAPE V will focus exclusively on African opportunities, with most investments expected in sub-Saharan markets. The fund will target mid-sized companies across a range of sectors, acquiring either controlling interests or significant minority stakes in businesses with strong growth potential. Individual investments are expected to range between US$20 million and US$80 million, and the portfolio is expected to comprise approximately 10 to 15 companies.
Through active ownership and operational engagement, ACA aims to help portfolio companies expand market presence, improve efficiency, strengthen governance frameworks, and accelerate long-term growth. The launch of CAPE V represents the next phase of ACA's strategy to identify high-growth African enterprises and create value through long-term investments and strategic partnerships.
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