CardinalStone Capital Advisers announces US$64m final close of its private equity fund

NIGERIA – CardinalStone Capital Advisers (CCA), a Lagos based private equity fund manager, has announced the final close of its maiden private equity fund, the CardinalStone Capital Advisers Growth Fund LP (CCAGF) at US$64 million. The Fund which recorded its first close in December 2018 and final close in September 2020, was established to support the growth and institutionalization of small and medium-sized enterprises (SMEs) operating in two of West Africa’s leading economies—Nigeria and Ghana. “We are pleased with the successful close of our Fund in the prevailing challenging environment.…

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