Capital Alliance Property Investment Company LP

West Africa,Africa Construction and real estate

Africa Capital Alliance (ACA) is an investment firm that specialises in growth equity, buyout, and turnaround investments, and risk capital.  The Nigeria-based firm, which was founded in 1997, focuses on investments in sub-Saharan Africa. To date ACA has raised four generalist private equity funds (CAPE I, II, III and IV) and one real estate fund (CAPIC). CDC has played an anchor role in all five funds.

This investment was made under a previous strategy. We disclose information on all our current investments, but narrative information on our pre-2012 investments, when we introduced a new strategy, may be limited.

Key facts

Status:
Active
Region

Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.

:
Africa, West Africa
Countries

For funds, the countries listed here are those the fund has invested in so far.

:
Ghana, Nigeria
Sector

We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people. For funds, the sectors listed here are those the fund has invested in so far.

:
Construction and real estate
Website:
https://www.acagp.com/
Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

:
Intermediated investment
Fund manager:
African Capital Alliance
Start date

For direct investments, this is the date CDC committed capital to the business or project.

For funds, this is the date that CDC committed capital to the fund.

For underlying fund investments, this is the date that the fund invested capital into the business.e

:
February 2008
Amount

For direct investments, this is the total amount that CDC has committed to the business or project (it may be a combination of equity and debt).

For funds, this is the total amount that CDC has committed to the fund.

:
$50m
Domicile

This is the investee company’s place of incorporation; or a fund’s jurisdiction.

:
Cayman Islands

Investments made by this fund

  • Active
  • Exited
Investment name Country Region Sector Start date Status
Capic Hexagon Nigeria Ltd

Protea Hotel Select Emotan is developing a 96-Room, 3 Star Hotel in Benin City, Edo State.

View investment details

Nigeria Africa, West Africa Construction and real estate April 2008 Active
Skye Capic Select ltd

Protea Hotel Select Ikeja is planned as a 126 room hotel with conferencing facilities located in the Alausa Ikeja area.

View investment details

Nigeria Africa, West Africa Construction and real estate April 2008 Active
Alliance Estate Limited

Sara Capital is a real estate developer with a hotel asset in Takoradi, Ghana.

View investment details

Ghana Africa, West Africa Construction and real estate January 2010 Active
Agora Mall Ltd

Agora Mall Limited is the special purpose vehicle dedicated to constructing and operating the Silver Valley Mall in Port Harcourt, Rivers State.

View investment details

Nigeria Africa, West Africa Construction and real estate December 2011 Active
APD Ltd

APD is developging Mansard Place in Victoria Island, Lagos. Mansard Place is a Grade A commercial office building with 7,081 square meters of net rentable space and 109 parking bays.

View investment details

Nigeria Africa, West Africa Construction and real estate December 2011 Active
Centre City Hospitality Ltd

Center City Hospitality Limited is constructing and operating a 130 room Protea Select Hotel in Port Harcourt, Rivers State.

View investment details

Nigeria Africa, West Africa Construction and real estate April 2012 Active
UPDC Metro City Ltd

UPDC Metro City is a special purpose vehicle (SPV) dedicated to constructing and operating the Metro City Estate in Apo Dutse, Abuja. The estate comprises of 225 mixed product residential units.

View investment details

Nigeria Africa, West Africa Construction and real estate April 2012 Active
Kunoch Hotels Limited

Kunoch Hotels Limited is developing a 99 room hotel in Owerri, Imo State.

View investment details

Nigeria Africa, West Africa Construction and real estate July 2012 Active
Growth Land Limited

Growth Land is constructing a retail mall in Onitsha. Onitsha Mall is designated to be a single-anchor retail facility with approximately 12,000 square metres of net rentable space.

View investment details

Nigeria Africa, West Africa Construction and real estate December 2012 Active
First Festival Mall Limited

First Festival Mall is a special purpose vehicle solely dedicated to constructing and operating a 13382 square metre dual anchor shopping mall in Festac, Lagos State.

View investment details

Nigeria Africa, West Africa Construction and real estate September 2014 Active
Cap Phoenix Cornerstone

Cap Phoenix Cornerstone is a special purpose vehicle ("SPV") set up for the investment and development of the Cornerstone Head Office project in Oniru, Lagos State.

View investment details

Nigeria Africa, West Africa Construction and real estate May 2015 Active
Vizier Limited

Lekki Blue Water is a special purpose vehicle (SPV") set up for the investment and development of the mixed-use project near the Lekki-Epe expressway in Lagos State. There are three phases to the development, the first of which constitutes a 16 storey apartment building.

View investment details

Nigeria Africa, West Africa Construction and real estate September 2015 Active