West African private equity for established businesses
A private equity firm investing growth capital in mid-sized businesses across West Africa, with a portfolio spanning financial services, education, healthcare and consumer sectors.
Use when
You run an established West African business with real profitability seeking growth or expansion capital.
Skip when
You are a technology startup at any stage. Verod buys control of profitable mid-market businesses; a venture-stage company is not what this fund is built to own.
Status (21 Sep 2026): a mid-market private equity firm rather than a venture investor. Growth Fund III targets around US$150 million as a ten-year closed-end vehicle, taking controlling stakes or significant minority interests in established mid-market companies. Geography is mandated: at least 50% Nigeria, up to 30% Ghana, and up to 10% across Gambia, Liberia and Sierra Leone. Sectors are consumer goods and services, light industrials, agribusiness, financial services, business services and education.
