Alitheia Capital and Goodwell Investments Successfully Exit Baobab…

Alitheia Capital and Goodwell Investments have exited Baobab Nigeria after 12 years, marking the first exit from their uMunthu Fund. This move underscores Baobab Nigeria’s significant growth and stability while reflecting the impact of patient capital. Both firms are now preparing for their next fundraising phase, targeting new investors.

Alitheia Capital and Goodwell Investments have successfully exited from Baobab Nigeria, representing the inaugural exit from their joint uMunthu Fund. Their statement noted that this exit follows more than 12 years of investment, which began with the GWAMDC fund and transitioned to the uMunthu Fund. This achievement showcases Baobab Nigeria’s significant growth and financial stability, highlighting the effectiveness of patient capital in generating both financial returns and social impact.

The exit by Alitheia Capital and Goodwell Investments from Baobab Nigeria epitomizes a successful investment journey focused on financial inclusion and impactful governance. With Baobab Nigeria now fully owned by its international parent company and a bright future ahead, both investment firms are poised to attract further investments with their upcoming uMunthu II Fund. This case illustrates the positive transformation that dedicated investment can foster within the financial sector in Nigeria.

Original Source: nairametrics.com