Page 20 - UUBO Deal Academy 2020 - Materials

Setting-up a PE Fund

Structure Considerations - Partnership

Structure Constraints for Partnerships

Partnership or a limited liability
company ▪ No federal legislation on partnerships

(business names registrable under the

Partnership CAMA)

▪ General partnership ▪ No more than 20 partners/parties or must
incorporate as a company
▪ Limited partnership and • Applicable to PE Funds registered

limited liability partnership with the SEC?

only in Lagos State (GP status
in other States). ▪ Foreign entities may not directly invest in
PE funds

• Must form a limited liability company

incorporated in Nigeria that invests

via a partnership

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