Raised $1.15 billion per DPI for Africa

The fund will invest in well-established and growing companies operating in sectors that benefit from the rapid growth of Africa’s middle class and the continent’s digital transformation.

Development Partners International (DPI), one of the leaders of private equity in Africa, announced on Monday, October 4, 2021 that its fund African Development Partners III (ADP III) has raised its funding to $900 million at $800 million, above its initial target. Harvesting has stopped. of $800 million, plus $250 million in dedicated co-investment capital. Thus this fundraising will total $1.15 billion for investments on the African continent, positioning ADP III as one of the largest funds dedicated to investing global capital in Africa.

ADP III will invest in well-established and growing companies operating in sectors that benefit from the rapid growth of Africa’s middle class and the continent’s digital transformation. “The investments meet the highest standards in terms of impact and compliance with environmental, social and governance (ESG) standards.

To do this, the DPI uses its Proprietary Management System (DPIMS) to generate impacts in line with the United Nations Sustainable Development Goals,” says the DPI. “Africa remains an attractive investment destination, with positive demographic trends, increased adoption of new technologies and a significant increase in consumption and business spending. Against this background, DPI has leveraged the deep local expertise of our team on the African continent. The first quartile has continued to deliver returns,” said Runa Alam, co-founder and CEO of DPI.

Africa, a fascinating destination
“As we look to the future with our ADP III Fund, we will focus on innovation-driven companies that are leading the digital transformation of the ecosystems in which they operate. In addition, ESG impacts across the investment lifecycle. And our deep integration of the standards initiative has been widely appreciated and allows us to be recognized as a trusted partner,” says Runa Alam.

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ADP III leverages capital from a wide range of major pension funds and sovereign wealth funds, development finance institutions, endowments and foundations, insurance companies, asset managers and impact investors. This international investor base includes 20 countries spread across North America, Europe, the Middle East and Africa.


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