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FSD Africa Investments (FSDAi) has committed $7.5 million to the Ci-Gaba (Progress) Fund, supporting its $75 million first close.
Ci Gaba is a Ghanian-domiciled fund of funds channeling pension capital into private equity and private debt. Its first close surpassed the $30 million target, anchored by domestic pension funds, signalling strong market confidence in locally structured private market vehicles.
“Ci Gaba Venture Capital bridges the gap between Ghana’s long-term savings and high-growth enterprises. By strengthening market infrastructure, backing fund managers and channeling local capital into productive sectors, Ci-Gaba is helping lay the foundation for sustainable growth and job creation across Ghana and the region,” FSD Africa Investments said in a statement.
“We have reached this first close in record time … with more than two-thirds anchored by local pension funds … We have co-created and underwritten an investment vehicle that aligns with regulatory requirements and governance standards, enabling pension funds to invest confidently in alternative assets,” said Anne-Marie Chidzero, chief investment officer of FSD Africa Investments.
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