Verod Capital Growth Fund III

Overview

Verod Capital Growth Fund III is a private equity fund managed by Verod Capital Management, focusing on small and medium-sized enterprises (SMEs) in Anglophone West Africa, including Nigeria, Ghana, Liberia, Sierra Leone, and the Gambia. The fund aims to support the growth of these SMEs into sector leaders by providing equity and equity-linked instruments, securing controlling or significant minority stakes. It emphasizes good governance, environmental and social considerations, and responsible business practices. The fund primarily invests in high-growth sectors such as consumer goods and services, light industrials, agribusiness, financial services, business services, and education. Verod Capital Management actively participates in the management of investee companies, offering strategic direction, guidance, and access to opportunities and partners to expand market penetration. The fund's size is approximately $150 million, with individual investments ranging from $15 million to $30 million. Verod Capital Management has a strong track record in sustainable investing, having made over 40 investments and raised three funds with assets under management totaling $364 million. The firm is committed to empowering local businesses and communities across Africa, aligning its operations with the UN Sustainable Development Goals, focusing on gender equity, climate action, and decent work. In 2024, Verod became the first private equity firm worldwide to achieve the 2X Certified 'Best-in-Class' status, reflecting its leadership in gender lens investing and its dedication to promoting gender equity both internally and within its portfolio companies.

Investment Focus

• Equity and equity-linked instruments
• Controlling or significant minority stakes
• Focus on SMEs in high-growth sectors
• Emphasis on good governance and responsible business practices
• Alignment with UN Sustainable Development Goals, particularly gender equity and climate action

Portfolio Companies