Synergy Private Equity Fund II
USD 250 million (target)
Fund size
USD 10 million
SIFEM investment
2018
Year
Region: Sub-Saharan Africa
Sector: Generalist
Financial instrument: Private Equity Fund
Financial intermediary: Synergy Capital Managers
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.