The Ghana Venture Capital & Private Equity Association (GVCA), one of Africa’s foremost VC industry associations, has launched an industry-wide “Compact” that champions local institutional asset allocations to venture capital and private equity.
Founded in 2021, the Ghana Venture Capital Association (GVCA) acts as a key connector within Ghana’s private investment ecosystem, linking asset allocators, institutional investors, fund managers, portfolio companies, advisors, and service providers.
Its growing membership consists of firms, including venture capital and private equity companies, institutional investors, and professional services entities. GVCA advocates on behalf of its members to influential stakeholders, including government agencies, regulators, media, and other relevant organisations.
Key players from Africa’s private equity and pensions industries have come together to launch an industry-wide “Compact” championing local institutional asset allocations to venture capital and private equity.
The inaugural set of signatories, including gender lens investing and regulatory leaders at the conference, featured advisors, fund managers, and funds-of-funds such as Deloitte, EY, KPMG, Aruwa Capital, Oasis Capital, Savannah Impact Advisory, and the Venture Capital Trust Fund. It also includes influential allocators, ecosystem builders, and regulators like the Securities and Exchange Commission, National Pensions Regulatory Authority, Impact Investing Ghana, and the Ashesi University Endowment Fund.
“Africa’s pension and insurance sectors are sitting on the opportunity of a generation, and as stakeholders, we are here to lead the ecosystem into action. Diversification into high-growth, well-managed local private equity funds is smart risk management and essential for financing strong companies that create stable jobs, provide good salaries, and nurture prosperity that will, in turn, grow our pension assets from within. Domiciling fund vehicles in local currencies is critical to anchoring that growth domestically, avoiding value erosion, and building a virtuous cycle of local resilience and inclusion, across African markets,” Amma Gyampo, CEO of GVCA, said.
