First fund close · Business services
CCA Growth Fund II reaches $76m first close
CardinalStone’s second fund will provide growth capital to West African SMEs.
CardinalStone Capital Advisers announced a $76 million first close for CCA Growth Fund II on 24 August 2026.
Returning investors include IFC, British International Investment and SCM Capital. New backers include the Dutch Good Growth Fund, CardinalStone Partners, Stanbic IBTC Pension Managers, Access ARM Pensions and FCMB Pensions.
The fund will invest in growing businesses across West Africa, with Nigeria, Ghana, Côte d’Ivoire and Senegal as its anchor markets.
Use of funds
Growth capital for West African SMEs
Funding history
First fund close · This round$76M