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CardinalStone Capital Advisers Announces Final Close Of Maiden Private Equity Fund, And First Fund Investments

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 or the Fund) 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.