The Pension Fund Operators Association of Nigeria (PenOp) has partnered with the African Private Equity and Venture Capital Association (AVCA) to empower local investors and develop private equity (PE) as an asset class in Nigeria. Domestic capital plays a vital role in accelerating economic growth in Nigeria and across the continent in general. Over the past 5-10 years, the value of Nigerian pension funds has grown markedly to peak at over $25 billion in December 2020, of which 0.03% has been allocated to private equity. The partnership between PenOp and AVCA will focus on training and networking, including an introduction to Development Finance Institutions (DFIs), fund managers and other stakeholders within the global private equity ecosystem, to ensure the growth of private equity in Nigeria, especially for pension operators. As part of this collaboration, PenOp will also support AVCA’s research and advocacy by providing insight into pension fund investments in PE and their impact.