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Cauris IV Fund: financing the growth of companies in West and Central Africa

Launched in July 2026, the fourth generalist fund of Cauris Management mobilises patient capital to serve the region’s high-potential companies.

Fundraising target (€70m)
45.9bn FCFA (€70m)
Regional private equity expertise
1996
Investment area
West and Central Africa

A long-term capital partner

Cauris IV Fund (FC IV) extends a strategy proven since 1995: providing equity to fast-growing SMEs and industrial SMEs in West and Central Africa. Designed for managers seeking a lasting financial partner, it combines patient capital, demanding governance and operational proximity in the service of value creation.

Following an initial closing on 10 July 2026, the fund secured EUR 34.8 million in commitments, that is XOF 22.8 billion, obtained exclusively from African regional institutions. The fund begins its investment activity from this initial closing.

Read the release

Fund profile

Nature
4th generalist fund of Cauris Management
Vintage
July 2026
Target size
45.9bn FCFA (€70m), by the end of 2027
Ticket per company
EUR 2M to EUR 10M - XOF 1.3 to 6.5bn
Instruments
Equity and/or quasi-equity
Targets
Fast-growing SMEs / industrial SMEs
Zone
French-speaking West and Central Africa
Manager
Cauris Management - Lomé and Abidjan

How Cauris IV Fund invests

FC IV finances the growth of regional SMEs and industrial SMEs through equity and quasi-equity stakes, positioning itself as an active shareholder alongside managers.

The approach favours companies with strong momentum, a solid model and prospects for structuring. Beyond financing, the involvement aims at strategic support: strengthening governance, financial structuring and support for growth, including external growth.

Ticket per company

EUR 2M to 10M

that is XOF 1.3 to 6.5 billion invested per company, in equity and quasi-equity.

Priority sectors

All other sectors are eligible, within a responsible and sustainable investment approach.

  • 01 Mass consumer goods and services
  • 02 Green energy
  • 03 Banking and financial innovation
  • 04 Digital transformation
  • 05 Industry and agricultural processing

The investors in the Cauris IV Fund

The commitments of the initial closing were secured exclusively from African regional institutions, including long-standing investors of the group.

All our financial partners The companies we back

  • Banque Ouest Africaine de DéveloppementMain sponsor of the fund
  • AFGLong-standing investor
  • SUNULong-standing investor

Do you run a growing SME?

Talk to the Cauris Management investment team to present your project and explore a potential equity stake.

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Before you start

Two conditions open a review, and we check them straight away. If they are met, the questionnaire takes about ten minutes: you can stop and resume, your draft stays on this device, and nothing is sent before the summary.

Two conditions open a review

  1. West and Central Africafor the country of the head office; Nigeria remains outside our scope
  2. 1.3 billion FCFAat the very least, around 2 million euros or 2.13 million dollars

Both are cumulative: both must be met to continue.

What is worth having to hand

  • The figures from your last closed financial year: revenue, net profit, equity
  • The amount you are seeking and what the funds are for
  • Your business plan, if you already have one: it is optional at this stage

Let us check them now

XOF

The review threshold is 1.3 billion FCFA, around 2 million euros or 2.13 million dollars.

Step 1 of 5

Your company

Identifying the company and the stage it has reached.

Headcount *
What you are looking to do *
Optional, but it saves us one exchange.

Step 2 of 5

Your figures

Rough figures from the last closed financial year.

Currency of your accounts *
XOF
XOFIf negative, put a minus sign before the amount.
XOFShare capital, reserves and retained earnings.
XOFOptional. Bank loans outstanding.
Operating profit (EBITDA) *

Before interest, tax and depreciation.

Step 3 of 5

Your need

The instrument and the use of the funds.

Instrument you are seeking *
Use of the funds *

You may tick several.

Are you comfortable with Cauris taking a minority stake? *

Our stakes are usually minority ones, over a three to five year horizon.

When you need the funds *

Step 4 of 5

Your project

What the funding is meant to achieve.

  • The project: what you want to do, and why now.
  • The market: the demand you serve and your edge over competitors.
  • The company in three to five years: the revenue, headcount and locations you are aiming for.
0 of 1,500 characters, 120 at the very least.
Business plan A methodical document of 15 to 20 pages: the company, its environment, a 3 to 5 year projection, forecast financial statements.
Documents you can provide

They will be asked for if your case goes to review.

Step 5 of 5

Contacting you

So that our team can get back to you.

Preferred office

Last step

Summary of your request

Read your answers again before sending. Every block can be edited in one click.

Request sent

Thank you, your project is in our hands

Your case reference: . Keep it for our exchanges.

  1. Your request goes to the investment teamAn acknowledgement is sent to .
  2. An investment officer studies your caseAgainst our criteria: the company’s profile, its executives and governance, its market, and the shape of the stake.
  3. They get back to you for a first conversationHave your business plan and documents ready: they will be asked for if the case goes to review.

The companies we back