Coverage: The Meridian legal market record (editorial).
African Capital Alliance is raising US$500–750 million for Capital Alliance Private Equity Fund V (CAPE V). IFC is considering up to US$30 million in fund equity plus a separate US$20 million co-investment envelope. IFC disclosed the proposal on 2 November 2026. It would make IFC an anchor investor; board consideration is indicated for 31 January 2027. CAPE V targets sub-Saharan mid-market companies with control or significant minority stakes. It plans 10–15 investments of US$20–80 million each. IFC has backed ACA since CAPE I in 1999, and committed US$40 million to CAPE IV. No advisers are named.
Value (as reported): Target US$500–750m; IFC proposed up to US$50m.
Parties: Fund manager: African Capital Alliance; Fund: CAPE V; Proposed anchor: IFC.
Jurisdiction (as reported): Sub-Saharan Africa (Nigeria-based manager) · Sector (as reported): Private equity / Funds.
Source: LinkedIn firm publication, posted 6 November 2026. Meridian record LI-DL-2026-0305.
