Nigerian private equity fund manager Synergy Capital Managers has secured more than $166 million for its second private equity (PE) fund.

With the capital raise, Synergy Capital will continue to invest in high-growth companies in Nigeria, Ghana, Liberia and Sierra Leone.

To date, the company has bagged a total of $266.8 million across two funds.

Previously, Synergy Capital secured $100 million in capital commitments for its Synergy Private Equity Fund I.