Regulatory Alerts2025-04-24
Interpretative Guidance Note on Private Equity Fund Rules
The Commission issued Interpretative Guidance Note clarifying amended Private Equity Fund Rules. It requires funds under ₦5 billion to file governing documents for a "no objection" instead of registration. It also mandates fund managers to hold 3% proprietary investment (1% if sovereign wealth/MDFI invested) and limits total management fees/expenses to 2% of funds raised in Nigeria.
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