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Capital Alliance names two new partners, launches family of funds
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Dick Kramer, Chairman of the Company, spoke at a dinner held in Lagos to honour two new partners of the firm, Afolabi Oladele and Paul Kokoricha.
He said the family of funds will include a real estate fund targeting commitments of around $250 million as well as Capital Alliance’s first specialty fund which will focus on the petroleum and power sectors.
“This will be our Energy Fund, which should close at somewhere in the $250 (N29.5-billion) to $500-million (N59-billion) level”, he said. The fund will be headed by Mr. Oladele.
Capital Alliance, by the time these funds are successfully launched, would have up to $1 billion (N118 billion) of equity funds under management. “This is far beyond our expectations 10 years ago and is a result of Nigeria’s better economic environment as well as our seasoned investment team which is in place”, Kramer said.
He also emphasised the need to maintain the culture of professional integrity and global best practices which have been the hallmark of Capital Alliance, expressing delight that the new partners had met these standards and were committed to building “the Capital Alliance way”.
“At Capital Alliance, we have believed from the start that the highest practice of professional competence and integrity was imperative for being the best Private Equity firm in our class”, he said.
Kramer extolled Oladele and Kokoricha as role models for others and said he believe they will live up to the firm’s motto, “Think Straight, Talk Straight and Walk Straight.
In a speech at the dinner which attracted several managing directors of banks and other leading firms in Nigeria, Mr. Okey Enelamah, CEO of Capital Alliance, thanked the firm’s investors, management of investee companies and other supporters and friends of Capital Alliance - all of whom were well represented.
He said the family of funds will include a real estate fund targeting commitments of around $250 million as well as Capital Alliance’s first specialty fund which will focus on the petroleum and power sectors.
“This will be our Energy Fund, which should close at somewhere in the $250 (N29.5-billion) to $500-million (N59-billion) level”, he said. The fund will be headed by Mr. Oladele.
Capital Alliance, by the time these funds are successfully launched, would have up to $1 billion (N118 billion) of equity funds under management. “This is far beyond our expectations 10 years ago and is a result of Nigeria’s better economic environment as well as our seasoned investment team which is in place”, Kramer said.
He also emphasised the need to maintain the culture of professional integrity and global best practices which have been the hallmark of Capital Alliance, expressing delight that the new partners had met these standards and were committed to building “the Capital Alliance way”.
“At Capital Alliance, we have believed from the start that the highest practice of professional competence and integrity was imperative for being the best Private Equity firm in our class”, he said.
Kramer extolled Oladele and Kokoricha as role models for others and said he believe they will live up to the firm’s motto, “Think Straight, Talk Straight and Walk Straight.
In a speech at the dinner which attracted several managing directors of banks and other leading firms in Nigeria, Mr. Okey Enelamah, CEO of Capital Alliance, thanked the firm’s investors, management of investee companies and other supporters and friends of Capital Alliance - all of whom were well represented.
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