PROJECT

Projects

Summary of Investment Information

Project Number

34352

Company Name

Synergy Private Equity Fund LP

Date SPI Disclosed

Feb 7, 2014

Country

Western Africa Region

Region

Africa

Projected Board Date

May 19, 2014

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Feb 21, 2024

Department

Equity Portfolio Management

Industry

Funds

Previous Events

Approved : May 19, 2014
Signed : Jun 13, 2014
Invested : Oct 6, 2014

Sector

Growth Equity Fund

Project Description

 The proposed project is an equity investment in Synergy Private Equity Fund (“SPEF” or “the Fund”), a 10 year closed-end generalist private equity fund targeting fast-growing small and medium sized enterprises in Nigeria and Ghana The Fund is seeking to raise up to $75 million total committed capital. The Fund will make equity and quasi-equity investments of up to $10 million each in fast-growing SMEs, primarily through acquisition of significant minority stake in the businesses.                                                  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation