Cauris Management

Name

Cauris Management

Legal name

Cauris Management

Website

https://caurismanagement.com

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Private Equity Fund Management

NAICS

Other Financial Vehicles (525990)

SIC

Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Private Equity Fundraising Placement (FSAEALAB)

akta.pro secondary industries

SME Term Loans & Growth Capital (FSAKAGAB), Institutional Separate Accounts & SMAs (Mandates) (FSAAAGAL)

Keywords

• Private equity fund
• Growth capital investment
• Venture capital financing
• Buyout capital
• Fund management WAEMU

Headquarters

HQ city

Lomé

HQ country

Togo

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Fund Management Fees: Management fees charged on assets under management across the fund family (Cauris Investissement, Cauris Croissance, Cauris Croissance II, Cauris IV, and Yeelen Financial Fund). Fees typically calculated as a percentage of committed or invested capital.
2. Carried Interest: Performance-based carried interest from successful portfolio company exits and realizations. Historical returns of 3x+ on financial sector investments and 24-34% IRR on various exits.
3. Advisory and Arrangement Fees: Fees for structuring, arranging, and advising on portfolio company transactions, capital raises, and strategic initiatives.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Cauris Management is a private equity fund management company operating in Francophone West Africa (WAEMU/UEMOA region). It raises and manages successive investment funds that take equity and quasi-equity stakes in high-potential SMEs and financial institutions, providing growth, venture, turnaround, and buyout capital alongside governance and operational support.

Product overview

Cauris Management operates as a fund management company offering a portfolio of private equity investment vehicles and strategies for the WAEMU region. The core offerings include four successive fund generations (Cauris Investissement established 1995, Cauris Croissance launched 2006, Cauris Croissance II launched 2010, and Cauris IV launched 2026) totaling approximately 83 million euros in managed funds, plus the sector-specific Yeelen Financial Fund L.P. dedicated to financial services institutions. Complementing the fund vehicles, the company offers four distinct investment strategies: Capital-Risque (venture capital for business creation), Capital-Développement (growth capital for expansion), Capital-Retournement (turnaround/restructuring capital), and Capital-Transmission (buyout/ownership transfer services). The funds primarily target SMEs and SMIs with strong growth and profitability potential across the eight WAEMU countries (Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo).

Differentiator

Problem solved

Functional benefit

Products and services

• Cauris Investissement The first private equity fund managed by Cauris Management, established in 1995 with an initial size of 8 million euros. It pioneered private equity investment in French-speaking West Africa, targeting SMEs in the UEMOA region.
• Cauris Croissance Second-generation investment fund launched in 2006, focusing on growth-stage companies across the WAEMU region.
• Cauris Croissance II (FCC II) Third fund launched in October 2010 with a target of 60 million euros. A general-purpose fund acquiring minority stakes in fast-growing SMEs and small-to-medium industrial companies through equity or quasi-equity investments, particularly convertible debt.
• Cauris IV Fourth generalist fund launched in June 2026, representing the latest generation of Cauris Management's investment vehicles for the WAEMU region.
• Yeelen Financial Fund L.P. Sector-specific fund dedicated to the financial sector in the WAEMU region, managed by the Yeelen Capital consortium. Target size of 150 million euros, investing between 2 and 15 million euros in banks, insurance companies, microfinance institutions, and fintechs.
• Capital-Risque (Venture Capital) Investment strategy financing the creation of innovative businesses addressing identified market needs in French-speaking Africa, providing seed capital and strategic expertise to entrepreneurs.
• Capital-Developpement (Growth Capital) Investment strategy supporting the growth of high-potential SMEs and SMIs through structuring financing, regional expansion support, and active value creation.
• Capital-Retournement (Turnaround Capital) Investment strategy restructuring struggling businesses through strategic capital infusion, governance strengthening, and operational turnaround support.
• Capital-Transmission (Buyout/LBO) Investment strategy supporting the sale of minority or controlling stakes, securing business succession and sustaining assets alongside managers and shareholders.

Quantifiable outcome

• 49 investments and 44 exits since inception, demonstrating active portfolio management and successful realization capabilities
• +3 more outcomes

Named customers12 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Yawo Capital ConsortiumcoreStrategic or Co-development Partner · 1 January 2016Consortium led by Cauris Management with Paul Derreumaux (founder Bank of Africa), Amadou Raimi (former Deloitte France Chairman), and Finactu for managing Yeelen Financial Fund dedicated to UEMOA financial sector.
• BRVM (Bourse Régionale des Valeurs Mobilières)minorStrategic or Co-development PartnerRegional stock exchange for West Africa. Cauris Management signed partnership agreement for potential portfolio company IPO support.
• A2R ConsultingminorStrategic or Co-development PartnerCorporate advisory firm led by Amadou Raimi, Chairman of Cauris Board. Specializes in corporate diagnostics, due diligence, mergers, and governance.

Scale indicators18 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Development Partners International (DPI): DPI is a pan-African PE firm managing multi-billion-dollar funds focused on African growth companies. Comparable to Cauris as an Africa-focused PE manager, though operating at materially larger AUM and with broader geographic scope.
• Helios Investment Partners: Helios is one of the largest Africa-focused PE firms with multi-billion-dollar AUM across the continent. Comparable as a leading Africa PE manager; less directly competitive in WAEMU SME growth but adjacent on financial-services exposure.
• Actis: Actis is a large emerging-markets PE/energy/infrastructure investor with a significant Africa platform. Comparable as a global emerging-markets PE firm with African exposure, though at much larger scale and broader sector mandate than Cauris's regional SME focus.

Others

• FMO (Netherlands Development Finance Company): FMO is the Dutch development finance institution that has been a core LP in multiple Cauris funds (Cauris Croissance II). Included as an ecosystem participant and capital-sourcing partner rather than a direct competitor, though it also operates PE/VC arms in African financial services.

Direct peers

• GroFin: GroFin is a development financier providing growth capital and SME finance across Africa. Comparable to Cauris in its development-finance-style approach to backing African SMEs, though typically at smaller ticket sizes and broader geography than Cauris's WAEMU focus.
• Adenia Partners: Adenia Partners is a pan-African PE firm with offices in multiple African countries and a focus on growth-stage businesses across diverse sectors. Comparable to Cauris on SME growth equity, multi-fund structure, and regional operating model.
• I&P (Investisseurs & Partenaires): I&P is a Paris-based impact PE firm investing equity and quasi-equity in African SMEs across francophone and anglophone Africa. Highly comparable to Cauris on French-Africa focus, SME growth-stage tickets, and mission-driven DFI LP base.
• Phatisa: Phatisa is a pan-African PE firm that manages funds investing across the consumer, food, and financial services value chain in Sub-Saharan Africa. Comparable to Cauris on African SME focus, multi-fund structure, and development-finance LP backing.
• AfricInvest: AfricInvest is a leading pan-African PE and private credit manager with presence across North, West, and East Africa. Directly comparable as a multi-strategy, multi-fund Africa PE manager serving growth-stage companies with institutional DFIs as LPs.
• LeapFrog Investments: LeapFrog is an emerging-markets PE/VC firm purpose-built around financial services, fintech, and insurance in Africa, Asia, and Latin America. Closely comparable to Cauris's Yeelen Financial Fund strategy of providing growth and capital-restructuring capital to banks, insurers, and fintechs in emerging markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/cauris-management
• Xx.com/caurismanage

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments33 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cauris Management