Synergy Private Equity Fund aims to invest in growth SMEs in Nigeria and Ghana, with main focus in Nigeria. The Fund has a target size of USD 75m and hard cap of USD 100m, and has exceeded its subscription target and reached USD 98m. The Fund, which has offices and active teams in both Lagos and Accra, plans to acquire a portfolio of minority equity and quasi-equity interests in around 10 SMEs with investments in the range between USD 5m to 10m, with a country diversification in the region of 2/3 for Nigeria and 1/3 for Ghana.