Page 22 - UUBO Deal Academy 2020 - Materials

Setting-up a PE Fund

Regulatory Considerations (SEC)

Size of Fund Restrictions

• > NGN1 billion: SEC ▪ Investments in PE funds

registration cannot be solicited from the

• < NGN1 billion: no SEC general public

registration ▪ PE funds must only be

sourced from qualified
institutional investors
Fund Mangers

• Minimum capital of NGN150 ▪ No more than 30% of the
million – if to be registered private equity fund's assets

with SEC can be invested in a single
investment

Fund Promoters and principals

• Do not require authorisations

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