LAGOS, 13 APRIL 2022: The Private Equity and Venture Capital Association of Nigeria (PEVCA), and Impact Investors’ Foundation (IIF) today announce that both parties have entered a strategic partnership that will primarily support knowledge sharing and capacity building initiatives aimed at facilitating development in the private capital and impact investing markets in Nigeria.
Through this collaboration PEVCA and IIF will work with policymakers, regulators, industry associates, institutional investors, private capital investors and advisors, and other market operators to promote the growth of impact investing and unlock capital for social investments in Nigeria. Both parties will seek to create a knowledge-sharing environment, build capacity and understanding of relevant market stakeholders, and sponsor joint research.
Anna Evi-Parker, Executive Secretary, PEVCA, said:
“Without question, impact investment and impact investing vehicles play a critical role in addressing 21st-century challenges. In the face of a huge financing gap across sectors that provide sustainable development, private capital must be enlisted and appropriately channelled in plugging the gap and combating these challenges – persistent poverty, growing inequality, climate change, the effects of COVID-19, and other crises and inequities.
We are excited about PEVCA’s strategic partnership with IIF, and look forward to working closely in building capacity, sponsoring research, and driving policy that fosters long-term sustainable finance solutions within the ecosystem.”
Maria Etemore Glover, Projects Lead, IIF, said:
“There is a need to be more intentional about creating relationships that will deepen our efforts to address our huge social and environmental challenges in Nigeria. The strategic partnership with PEVCA is coming at a time when IIF is deepening its efforts to grow the impact investing market through the establishment of the Nigerian National Advisory Board for Impact Investing (NABII). IIF will leverage the strength of PEVCA to drive the NABII’s agenda to strengthen and deepen the supply and demand for impact capital, supporting the capacity of ecosystem actors, as well as develop and lead policy advocacies to improve impact investing and the Nigerian investment environment.
We are optimistic that the relationship between IIF/NABII and PEVCA will be instrumental to building a much stronger private capital and impact investing markets in Nigeria.
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For more information contact:
Maria Etemore Glover
The Private Equity and Venture Capital Association of Nigeria is a member organisation representing the collective interests of members and associate networks with the primary objective of promoting private equity and venture capital asset class in Nigeria by fostering an enabling environment for the Nigerian private equity and venture capital ecosystem to thrive. PEVCA aims to achieve this through, championing the interests of its members on matters relating to private equity and venture capital, driving general and regulatory advocacy, fostering awareness and knowledge development of the asset class through research, trainings, capacity building initiatives, hosting networking events and other industry themed functions and promoting alignment towards best ethical and investment practices.
IIF is a non-profit organisation dedicated to eliminating barriers to impact investments in Nigeria by building an effective and supporting ecosystem. It carries out this mandate through organising critical stakeholder convenings, facilitation of knowledge of exchange and deal flows, research, capacity building, generating evidence that works, mainstreaming innovative investment approaches and coordinating collective action.
The IIF led the establishment of the Nigerian National Advisory Board for Impact Investing (NABII), a movement under the Global Steering Group for Impact Investment (GSG). The NABII is an influential cross-sector coalition of leaders united with the purpose to grow impact investment as a powerful force in Nigeria. It comprises 15 individuals who hold high-level leadership positions within the 5 pillars of the impact investing ecosystem – supply of capital; demand for capital; intermediation of capital; market builders; and policymakers/regulators. In March 2021, Mrs Ibukun Awosika was appointed as the inaugural chairperson. The IIF is the NABII Secretariat, it manages and implements the NABII’s mission and strategy.