A firm with a rich, long-standing entrepreneurial culture, Citron Investment was founded in 2009 as an investment boutique operating out of West Africa. In its infancy, Citron investment raised capital on a deal-by-deal basis. In 2014, in response to the growing opportunities in Nigeria and conversely, the increased appetite of foreign institutional investors looking to expand into new markets, Citron investment transitioned into one of the truly indigenous Private Equity firms in Nigeria. Following a successful capital raising drive in a particularly challenging macroclimate in Nigeria and West Africa as a whole, the firm exceeded its original target fund size, and Citron Capital Growth Fund launched as one of the largest first time fund in Nigeria’s history. Citron investment is backed by a rich blend of mainly foreign and institutional investors including pension funds, sovereign wealth funds, insurance companies, asset management firms, financial institutions and development finance institutions (with extensive experience supporting Fund Managers across emerging markets).
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