Aureos West Africa Fund

  • Region: Africa
  • Country: Regional
  • Sector: Investment funds
  • Year: 2003
  • Domicile: Mauritius
  • Instrument: Fund
  • Commitment (MNOK) as of 31.3.2017: 14.5
  • Original Commitment (MNOK): 97.0

Regional fund of USD 50 mill. for West Africa, launched in 2003 and focusing on Nigeria, Ghana and Senegal with actual investment sizes ranging from USD 1,5 mill. to USD 8.1 mill.

Aureos West Africa Fund is a regional fund for West Africa. It was  launched in 2003 and is focusing on Nigeria, Ghana and Senegal with actual investment sizes ranging from USD 1,5 mill. to USD 8.1 mill.

The fund has reached the end of its term and is in the process of being wound up.

 

Aureos Capital Limited (Aureos)

Aureos Capital Limited (Aureos) was established in July 2001 as a joint venture between the CDC and Norfund. The objective of the joint venture was to create a strong fund manager in a market where there were no strong players, and to enabling the mobilisation of capital to develop countries far beyond what Norfund and CDC could do alone.

Aureos grew to be a global leading SME PE fund manager in emerging and developing markets. By delivering good financial results over time, Aureos succeeded in attracting an increasing proportion of private capital to the funds. Today, ‘non-DFI investors’ (including corporates, family offices, financial institutions and pension funds) is the Fund’s largest investor category. The DFI’s additional role as an investor base of the Aureos funds, as well as owners of the fund manager, diminished accordingly over time. Today, Aureos is incorporated in the  Abraaj Capital, a leading private equity investor in emerging markets.

Norfund exited Aureos Capital in 2009, but continues as an investor in the funds.

Indirect investments

Investee Sector Country
Africa Oilfield Service INTL Other services Nigeria
Aviance Ghana Ltd Other industrial partnerships Ghana
C&I Leasing Financial services Nigeria
Compagnie Sahelienne Financial services Senegal
Portland Paints and Products Manufacturing Nigeria
Private Networks Nigeria Ltd Communication Nigeria
Technochem/Nycil Manufacturing Nigeria

Norfund - The Norwegian Investment Fund for Developing Countries

Fridtjof Nansens Plass 4
N-0160 Oslo