Boost for private capital as AVCA, PEVCA forge alliance
The African Private Capital Association (AVCA) and the Private Equity and Venture Capital Association, Nigeria (PEVCA), have announced a strategic merger to strengthen Nigeria’s private capital ecosystem. The merger reflects a joint ambition to catalyse new investment opportunities and boost sub-regional and continent-wide growth. Combining AVCA’s 20-year track record of industry advocacy, market intelligence, research […]
The African Private Capital Association (AVCA) and the Private Equity and Venture Capital Association, Nigeria (PEVCA), have announced a strategic merger to strengthen Nigeria’s private capital ecosystem.
The merger reflects a joint ambition to catalyse new investment opportunities and boost sub-regional and continent-wide growth. Combining AVCA’s 20-year track record of industry advocacy, market intelligence, research and convening power with PEVCA’s extensive networks and local expertise, the partnership demonstrates a shared commitment to promote private sector growth, the position of Nigeria’s venture capital (VC) ecosystem, and the potential for domestic capital to crowd in strategic areas such as technology, infrastructure, agriculture and more.
The announcement came ahead of the 21st Annual AVCA Conference in Lagos themed, ‘Bold Moves: Powering 10x in Africa’, which returns to Nigeria for the first time in 11 years; accompanied by AVCA’s newly released Nigeria Factsheet, which reveals the country’s leading position in West Africa; securing 66% of regional deal volume and 52% of deal value between 2020 and 2024.
Chair, AVCA Board, Paul Botha (Metier) said the partnership will provide more tailored support for fund managers, increase engagement with policymakers and institutional investors and enhance cooperation between local and international finance in Africa; by combining AVCA’s robust data, research and investor engagement with PEVCA’s strong network and proximity to government, the merger would strengthen efforts to prepare the ground to advance Nigeria and the broader sub-regions private capital ecosystem.
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He said, “This strategic merger signifies an important leap forward as we combine AVCA’s established industry position with PEVCA’s invaluable local insights to promote the interests of private capital stakeholders in Nigeria and beyond. We look forward to working with the PEVCA leadership to support Nigeria’s growth as a leading investment destination on the continent.”
CEO, AVCA, Abi Mustapha-Maduakor added that Nigeria plays a central role in Africa’s investment story, and the merger would allow for more systematic work with local actors to deepen engagement and deliver targeted support.
“By combining AVCA’s insights, research and convening power with PEVCA’s on-the-ground presence and network, we are better positioned to catalyse private capital that meets the region’s needs-from infrastructure to industrial development and innovation. It’s a decisive step towards aligning local and continental efforts to deliver sustainable, long-term growth.