# African Capital Alliance

African Capital Alliance is an Asset Manager based in Lagos, Nigeria.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Lagos, Nigeria
- **Region:** Africa
- **Address:** Lagos, Nigeria
- **Founded:** 1997
- **Assets under management:** Undisclosed
- **Website:** www.acagp.com
- **LinkedIn:** https://www.linkedin.com/company/african-capital-alliance

## Regulatory record

- **Reports private funds:** No

## About

African Capital Alliance The Firm Investments African Capital Alliance AT A GLANCE Private EquityACA’s Private Equity business has since 1998 raised over a billion dollars in AUM. Over the years, ACA has become recognised as a foremost African-focused PE firm, with very strong presence and networks across the continent. ACA manages 4 private equity funds invested

## Sectors

- Real Estate
- Private Credit

## Offices

- Accra, Ghana
- Republic of Mauritius

## People

- Okey Enelamah — Chairman
- Rebecca Ayorinde — Senior Vice President
- Jason Eboji — Vice President, Antitrust and Competition

## Questions

### Who runs investment decisions at African Capital Alliance?

Okey Enelamah serves as Chairman and is the firm's most visible principal. The day-to-day investment leadership is distributed across unlisted managing partners and vice presidents, with Rebecca Ayorinde as Senior Vice President and Jason Eboji as Vice President for Antitrust and Competition. The firm has not publicly disclosed a standalone CIO or named investment committee.

### Does African Capital Alliance participate in fund commitments or only direct deals?

The firm is primarily a direct investor through its own pooled PE and real estate funds targeting buyouts, growth equity, and pre-IPO rounds. It also provides investment advisory services through ValuAlliance. There is no publicly available evidence of ACA committing capital to third-party funds as a limited partner.

### How is African Capital Alliance related to the ACA Foundation?

The ACA Foundation is the firm's philanthropic arm, launching community initiatives such as the Ethical Living Project for secondary school students in Lagos. It operates under the same branding but addresses social impact goals separated from the commercial investment mandate.

### What is African Capital Alliance's known posture on co-investments alongside external GPs?

ACA has not publicly disclosed a co-investment program with external general partners. Its model favors proprietary pooled funds and direct real estate projects, though the closed nature of African private markets means co-investment with development finance institutions or regional banks cannot be ruled out.

## Related profiles

- [AFI Partners](https://altss.com/profile/afi-partners)
- [African Development Funding Group](https://altss.com/profile/african-development-funding-group)

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Last updated: 2026-06-03T20:00:00.000Z

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