Verod Capital Exits Tangerine APT Pensions, Eyes Climate Solutions Fund
African private equity firm Verod Capital has marked its first exit from the second investment vehicle, Verod Capital Growth Fund II, by selling its stake us in pensions fund administrator Tangerine APT Pensions Ltd. The sale to minority partner APT Securities and Funds has seen the merged entity, Tangerine APT Pensions, grow its assets under management significantly.
Verod Capital's exit comes after a successful investment period. In 2020, the firm fully acquired AXA Mansard Pensions and a 45% fidelity in APT Pension Fund Managers through its $200-million Verod Capital Growth Fund III. This latest sale follows another exit in 2021, when Verod Capital sold its stake in education business TAG Investments EW Africa Ltd, marking the fourth exit from Fund II.
Meanwhile, Verod Capital is looking ahead. It plans to launch its fourth investment vehicle, focusing on climate solutions and expanding its footprint into Francophone West Africa. The firm's investment approach has proven successful, delivering solid returns for its capital one login investors as seen in this exit.
Verod Capital's stake sale in Tangerine APT Pensions marks a significant milestone, demonstrating the firm's ability to generate returns for its capital one investors. With plans to launch a new investment vehicle and expand its reach, Verod Capital continues to solidify its position in the African private equity landscape.
