# Black Star Fund Managers

Black Star Fund Managers is a Private Equity based in Accra, Ghana.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Accra, Ghana
- **Region:** Africa
- **Address:** Accra, Ghana
- **Founded:** 2018
- **Assets under management:** Undisclosed
- **Website:** blackstaradvisors.com
- **LinkedIn:** https://www.linkedin.com/company/black-star-advisors

## Regulatory record

- **Reports private funds:** No

## About

Black Star Fund Managers is a private equity firm based in Accra, Ghana. It focuses on Venture Capital investments. The firm oversees $71.43 million in assets and has 20 employees.

## Sectors

- Diversified
- Industrials
- Financial Services
- Consumer Goods

## Questions

### What investment stages does Black Star Fund Managers target?

Black Star focuses on buyout, growth equity, recapitalisation, and restructuring mandates. The firm targets established mid-market companies in Ghana and West Africa that are profitable but require institutional capital, operational improvement, or governance upgrades. This spans both control acquisitions and significant-minority growth investments.

### Where does Black Star Fund Managers deploy capital geographically?

Black Star's primary deployment geography is Ghana, with opportunistic investments in Nigeria and select Francophone West African markets. The firm's Accra headquarters positions it within the region's more stable Anglophone commercial hub while maintaining reach into the broader ECOWAS economic zone.

### What is Black Star Fund Managers' posture on co-investments alongside external GPs?

Black Star's known posture on co-investments has not been publicly detailed. Mid-market firms in the region frequently partner with development finance institutions and regional banks on larger transactions, but no specific co-investment vehicles or syndication precedents have been documented in the firm's public communications.

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

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