Swiss Investment Fund
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Synergy Private Equity Fund II

Synergy Private Equity Fund II (SPEF II) is a sector-agnostic private equity fund aimed at providing growth capital to emerging small and medium-sized enterprises (SMEs) in anglophone West Africa. The Fund targets companies in sectors such as healthcare, basic infrastructure, ICT, consumer goods, financial services, business solutions and transportation & logistics. The focus is on investees which have the potential to become leaders in their sectors and present prospects for regionalizing across West Africa with the Fund’s financial and operational support.

Synergy Private Equity Fund II

Synergy Private Equity Fund II (SPEF II) is a sector-agnostic private equity fund aimed at providing growth capital to emerging small and medium-sized enterprises (SMEs) in anglophone West Africa. The Fund targets companies in sectors such as healthcare, basic infrastructure, ICT, consumer goods, financial services, business solutions and transportation & logistics. The focus is on investees which have the potential to become leaders in their sectors and present prospects for regionalizing across West Africa with the Fund’s financial and operational support.

About the fund

Anglophone West Africa is experiencing encouraging economic development, but there is also broad-based recognition of the need to diversify the area’s economic base by investing in SMEs. SMEs contribute to the economy by producing a variety of goods and services, creating jobs, and eventually becoming vehicles of skills development and income disparity reduction. However, SMEs struggle to grow and ultimately survive, mostly due to a lack of financing, management capacity and business development, and generally require significant input and active support. SIFEM’s investment of USD 10 million will help the Fund to provide much-needed access to capital to SMEs, assisting them to develop their business and reach financial viability.

Investments by the fund

             
Date Name Country Industry Status
2019 Company 1 Nigeria Conventional energy equipment and services Active
2019 Company 2 Nigeria Building materials Active
2019 Company 3 Nigeria Conventional energy production and supply Active
Reference code
2018-03
Status
Active
Date of commmitment
July 2018
Date of exit
-
Fund size
USD
250,000,000
SIFEM commitment
USD
10,000,000
Asset class
Private Equity
Investment strategy
Investment through Fund
Fund manager
Synergy Capital Managers