# PE firms based in Nigeria (2026 list)

> 35 PE firms based in Nigeria, 6% active in the last 12 months. Led by Adlevo Capital, Aviva, Verod. Ranked by what they funded.

Source: https://millionrounds.com/lists/pe-firms-based-in-nigeria (Millionrounds; every figure on the page links to its filing or article)

[Investor Lists](https://millionrounds.com/lists)

# PE firms based in Nigeria

Updated 7 November 2026

PE firms headquartered in Nigeria.

[See all 35 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fpe-firms-based-in-nigeria)The top 25

**35** investors on the list No change this week

**2** cheques in 12 months Too few cheques to tell

**$21M** median round they joined *+160%* against the market median

**6%** wrote a cheque in 12 months

**6%** have led a round

## The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (2)

- 1 [Adlevo Capital](https://millionrounds.com/fund/adlevo-capital) quiet Private equity · Nigeria **5** **$13M** median round **Oct 2015** last seen
- 2 [Aviva](https://millionrounds.com/fund/aviva) *Deploying now* Growth equity · Nigeria **4** **$21M** median round **Aug 2026** last seen
- 3 [Verod](https://millionrounds.com/fund/verod) quiet Private equity · Nigeria **3** **$110M** median round **Oct 2025** last seen
- 4 [Rider Global](https://millionrounds.com/fund/rider-global) quiet Growth equity · Nigeria **2** **$58M** median round **Nov 2019** last seen
- 5 [Africa Finance Corporation](https://millionrounds.com/fund/africa-finance-corporation) *Deploying now* Private equity · Nigeria **1** **$2.5B** median round **Aug 2026** last seen
- 6 [Aruwa Capital](https://millionrounds.com/fund/aruwa-capital) quiet Private equity · Nigeria **1** **$20M** median round **Apr 2025** last seen
- 7 [Singularity Investments](https://millionrounds.com/fund/singularity-investments) quiet Private equity · Nigeria **1** **$2.8M** median round **May 2015** last seen
- 8 [ARM-Harith Infrastructure Investment](https://millionrounds.com/fund/arm-harith-infrastructure-investment-limited) unknown Private equity · Nigeria **none observed** **-** median round **-** last seen
- 9 [Advantage Global Management](https://millionrounds.com/fund/advantage-global-management) unknown Private equity · Nigeria **none observed** **-** median round **-** last seen
- 10 [African Capital Alliance](https://millionrounds.com/fund/african-capital-alliance) unknown Private equity · Nigeria **none observed** **-** median round **-** last seen
- 11 [Auta Capital](https://millionrounds.com/fund/auta-capital) unknown Growth equity · Nigeria **none observed** **-** median round **-** last seen
- 12 [CCA](https://millionrounds.com/fund/cca) unknown Private equity · Nigeria **none observed** **-** median round **-** last seen
- 13 [Cobblestone Capital Partners Ltd](https://millionrounds.com/fund/cobblestone-capital-partners-ltd) unknown Private equity · Nigeria **none observed** **-** median round **-** last seen
- 14 [Consonance Investment Managers](https://millionrounds.com/fund/consonance) unknown Private equity · Nigeria **none observed** **-** median round **-** last seen
- 15 [Eagle Venture Capital](https://millionrounds.com/fund/eagle-venture-capital) unknown Private equity · Nigeria **none observed** **-** median round **-** last seen
- 16 [Earl& Partners](https://millionrounds.com/fund/earl-and-partners) unknown Private equity · Nigeria **none observed** **-** median round **-** last seen
- 17 [Entrepreneurs Fair Network](https://millionrounds.com/fund/entrepreneurs-fair-network) unknown Private equity · Nigeria **none observed** **-** median round **-** last seen
- 18 [ForFond](https://millionrounds.com/fund/forfond) unknown Growth equity · Nigeria **none observed** **-** median round **-** last seen
- 19 [Grand Towers Limited](https://millionrounds.com/fund/grand-towers-limited) unknown Private equity · Nigeria **none observed** **-** median round **-** last seen
- 20 [HIV Trust Fund of Nigeria](https://millionrounds.com/fund/hiv-trust-fund-of-nigeria) unknown Growth equity · Nigeria **none observed** **-** median round **-** last seen
- 21 [IDYHA Capital Group](https://millionrounds.com/fund/idyha-capital-group) unknown Private equity · Nigeria **none observed** **-** median round **-** last seen
- 22 [ISOWO Management Company](https://millionrounds.com/fund/isowo-management-company) unknown Growth equity · Nigeria **none observed** **-** median round **-** last seen
- 23 [Keynes Private Equity](https://millionrounds.com/fund/keynes-private-equity) unknown Private equity · Nigeria **none observed** **-** median round **-** last seen
- 24 [Kwik Kapital](https://millionrounds.com/fund/kwik-kapital) unknown Private equity · Nigeria **none observed** **-** median round **-** last seen
- 25 [MBO Capital Management Limited](https://millionrounds.com/fund/mbo-capital-management-limited) unknown Private equity · Nigeria **none observed** **-** median round **-** last seen

**10 more on this list**

All 35 are in the app, with filters for stage, sector and market. A free account shows 10 per search, Pro up to 1,000.

[See the whole list *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fpe-firms-based-in-nigeria)

## The Newest Cheques

Rounds this list's investors joined most recently

- **31** Aug **[Scan.com](https://millionrounds.com/company/scan-com)** Growth · $220M *With* [Aviva](https://millionrounds.com/fund/aviva)
- **13** Aug **[Dangote Petroleum Refinery and Petrochemicals FZE](https://millionrounds.com/company/dangote-petroleum-refinery-and-petrochemicals-fze)** Other · $2.5B *Led by* [Africa Finance Corporation](https://millionrounds.com/fund/africa-finance-corporation)
- **22** Oct **[Moniepoint](https://millionrounds.com/company/moniepoint)** Series C · $200M *With* [Verod](https://millionrounds.com/fund/verod)
- **30** Apr **[OmniRetail](https://millionrounds.com/company/omniretail)** Series A · $20M *With* [Aruwa Capital](https://millionrounds.com/fund/aruwa-capital)
- **29** Oct **[Moniepoint](https://millionrounds.com/company/moniepoint)** Series C · $110M *With* [Verod](https://millionrounds.com/fund/verod)
- **11** Nov **[Voi](https://millionrounds.com/company/voi)** Series B · $85M *With* [Rider Global](https://millionrounds.com/fund/rider-global)

## Stages This Year

2 rounds

- Growth **50%**
- Other **50%**

## What They Backed

Sectors, last 12 months

- AI **1**
- Healthcare **1**
- Medical Devices **1**
- Oil & Gas **1**

## Cheques by Quarter

Led Joined

Q1 25

1 Q2 25

Q3 25

1 Q4 25

Q1 26

Q2 26

2 Q3 26

Q4 26

The last bar is the quarter still running.

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[All investor lists *→*](https://millionrounds.com/lists)

## Quick answers about PE firms based in Nigeria

### Who are the most active PE firms based in Nigeria?

By cheques observed, the most active are Adlevo Capital, Aviva, Verod, Rider Global and Africa Finance Corporation.

### How many PE firms based in Nigeria are there?

35 are on record. 6% made an investment in the last 12 months and 6% have led a round.

### Which stages do PE firms based in Nigeria back?

Of the rounds with a named stage in the last 12 months, mostly Growth (100%).

### How big are the rounds PE firms based in Nigeria join?

The typical (median) round among the leading investors here is $21M.

### Which sectors do PE firms based in Nigeria back most?

In the last 12 months, mostly AI, Healthcare and Medical Devices.

### Which PE firms based in Nigeria lead the most rounds?

Rider Global (1 led) and Africa Finance Corporation (1 led).

### What have PE firms based in Nigeria invested in recently?

Recent rounds include Scan.com (Growth, Aug 2026, with Aviva), Dangote Petroleum Refinery and Petrochemicals FZE (Other, Aug 2026, with Africa Finance Corporation) and Moniepoint (Series C, Oct 2024, with Verod).

### How is this list of PE firms based in Nigeria ranked?

By cheques observed, from the rounds and filings we watched, and never by anything anyone paid for. It is rebuilt every night.

Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)