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Synergy Private Equity Fund II LP

Region and countries in which the fund invests: Africa, Nigeria, Ghana, Liberia and Sierra Leone
Jurisdiction of registration: Mauritius
Business sector: Private Equity Fund
Date of agreement (month/year): 7/2018
Size and share of Finnfund’s financing (commitment): USD 15,000,000, 6.45%
Companies financed by the fund:

Name Sector Region Country
First Aluminium Nigeria PLC Manufacturing Africa Nigeria
Bell Oil and Gas Ltd Services Africa Nigeria
Quest Oil and Engineering Services / Ascon Oil Engineering Africa Nigeria

Brief description

Synergy Private Equity Fund II is a fund targeting high-growth SME companies in Nigeria, Ghana, Liberia, and Sierra Leone.

Main development impact

The Fund will provide growth capital to SME companies and that target has an economic and social mission. Access to finance is the biggest obstacle for firms in the target countries and the Fund will contribute to that need. Fund’s priority sectors consumer goods and financing sector typically have large development effects. In addition to providing financing, the Fund is expected to be in a good position to provide guidance to the investee companies in the form of corporate governance and prudent management.

More information


Last modified: May 2023