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Monitor your fund activity and investor documents.
Aruwa Capital Management · Founder & Managing Partner
2
Active Funds
Both deployed$59.7M
Fund II AUM
Final Close Pending31
Total Documents
↑ 4 new this month3
Active Investors
Across both fundsMy Funds
2 active funds
Aruwa Fund I
Growth Equity · Gender-Lens · Nigeria
Fund Size
$20,079,905
Vintage
2022
Close
Nov 2022
Docs
15
Aruwa Fund II
Growth Equity · Gender-Lens · Nigeria & Ghana
Fund Size
$59,743,500
Vintage
2024
Close
2026
Docs
16
Recent Activity
Q4 2025 Capital Account Statement uploaded for Fund II
2d ago
Side Letter — Rally Assets distributed to LPs
3w ago
FY2024 Audited Financial Statements published
Apr 2025
Q3 2025 Portfolio MD&A available for download
Oct 2025
Recent Documents
PDF
Q4 2025 Capital Account Statement New
Jan 2026 · 0.9 MB
PDF
Q4 2025 Portfolio MD&A New
Jan 2026 · 2.8 MB
PDF
FY2024 Audited Financial Statements
Apr 2025 · 3.8 MB
Documents
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Recent Documents
All Documents
| Name | Category | Fund | Size | Date |
|---|
Investors
Manage your limited partners and fund access.
Limited Partners
3 active investors across 2 funds
| Investor | Fund Access | Status | Last Active | ||
|---|---|---|---|---|---|
AO Adesuwa Rhodes Managing Partner |
aor@aruwacapital.com | Fund IFund II | Admin | Today | |
OO Osahon Okunbo Limited Partner |
osaokunbo@gmail.com | Fund IFund II | LP | 3 days ago | |
NR Nicholas Rhodes Limited Partner |
nrhodes@nrg-africa.com | Fund II | LP | 1 week ago |
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Document Stats
FULLY DEPLOYED
Aruwa Fund I
Growth Equity · Gender-Lens · Nigeria
$20,079,905
Fund Size
Final Close Nov 20222022
Vintage Year
3-year fund3
Limited Partners
Nigeria focus15
Documents
5 categoriesFund Overview
STRATEGY
Growth Equity
LENS
Gender-Lens
GEOGRAPHY
Nigeria
STATUS
Fully Deployed
FIRST CLOSE
August 2022
FINAL CLOSE
November 2022
TARGET RETURN
3.0x MOIC
FUND LIFE
7 + 2 ext.
Limited Partners
Fund I investors
VF
Visa Foundation
lp@visafoundation.org
MC
Mastercard Foundation
africa@mastercardfdn.org
FA
FSD Africa
funds@fsdafrica.org
Fund I Documents
15 documents · 5 categories
| Name | Category | Size | Date | |
|---|---|---|---|---|
PDF Q4 2024 Capital Account Statement | Q. Capital Accounts | 0.9 MB | Jan 2025 | |
PDF Q4 2024 Portfolio MD&A | Q. Portfolio MD&A | 2.1 MB | Jan 2025 | |
PDF Audited Financial Statements FY2023 | Annual Accounts | 3.2 MB | Apr 2024 | |
PDF Limited Partnership Agreement | Fund Documentation | 2.4 MB | Nov 2022 | |
PDF Side Letter — Visa Foundation | Side Letters | 0.4 MB | Oct 2022 |
FINAL CLOSE
Aruwa Fund II
Growth Equity · Gender-Lens · Nigeria & Ghana
$59,743,500
AUM Raised
$65M target91.9%
To Hard Cap
2026 final close6
Limited Partners
NG & Ghana16
Documents
4 newFundraising Progress
$59,743,500 of $65,000,000
First Close: Jul 202491.9% · $5.26M remaining
Fund Overview
STRATEGY
Growth Equity
LENS
Gender-Lens
GEOGRAPHY
Nigeria & Ghana
STATUS
Final Close 2026
FIRST CLOSE
July 2024
HARD CAP
$65,000,000
TARGET RETURN
3.0x MOIC
FUND LIFE
7 + 2 ext.
Limited Partners
Fund II · to be updated
BI
British International Investment
lp@bii.co.uk
FF
Ford Foundation
invest@fordfoundation.org
BO
Bank of Industry
investments@boi.ng
TE
TotalEnergies
impact@totalenergies.com
RA
Rally Assets
lp@rallyassets.com
+ 1 more LP · data to be confirmed
Fund II Documents
16 documents · 5 categories
| Name | Category | Size | Date | |
|---|---|---|---|---|
PDF Q4 2025 Capital Account Statement New | Q. Capital Accounts | 0.9 MB | Jan 2026 | |
PDF Q4 2025 Portfolio MD&A New | Q. Portfolio MD&A | 2.8 MB | Jan 2026 | |
PDF Audited Financial Statements FY2024 | Annual Accounts | 3.8 MB | Apr 2025 | |
PDF Limited Partnership Agreement | Fund Documentation | 3.1 MB | Jun 2024 | |
PDF Side Letter — BII | Side Letters | 0.5 MB | Apr 2025 |
Account
Profile
AO
Adesuwa Rhodes
aor@aruwacapital.com
ADMINISTRATORFUND ACCESS
Aruwa Fund I
Aruwa Fund II
LAST LOGIN
April 19, 2026
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Last changed 3 months ago
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