CardinalStone Capital Advisers , a Lagos-based private equity firm co-founded by Nigerian banker Yomi Jemibewon, has secured up to 15 million from the International Finance Corporation IFC for its generalist private equity fund designed to deploy capital across consumer goods, healthcare, agribusiness, industrials, and financial services.
The proposed investment of up to 15 million, marking a strategic push to support small and medium-sized enterprises SMEs across Nigeria, Ghana, and Francophone West Africa, comes as CardinalStone positions Growth Fund II as a 120 million vehicle targeting profitable , fast-growing businesses that struggle to access patient capital.
Fund focus and objectives
