Key Terms

A List of all The Fund's Salient Terms

Target Size N30 billion Naira
Minimum Ticket N1 bnNaira
Commitment Period 5 + 1 years(from final closing)
Carry 20%
Term 10 + 1 + 1 years
Hurdle 10%
Sponsor commitment up to 5%
Management Fee 2% (drawn and committed funds)
Establishment Costs 2%
Cornerstone Status N6bn Naira
Cornerstone Rights Co-investment Rights, Advisory Board Seat

Disclaimer: An investment in the Fund is subject to significant risks of loss of income and capital and Shares in the Fund will be subject to restrictions on transfer. There will be no public market for the Shares in the Fund and they will not be negotiable on the capital markets. ... See more

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