Finnfund, a Finnish development financier and impact investor, today announced a $26 million commitment to African Development Partners III (ADP III), a pan-African private equity fund aiming to foster the growth and development of African consumer-focused businesses across the continent.

The fund is advised by Development Partners International (DPI), a private equity firm with a $1.1 billion portfolio that has invested in 20 portfolio companies across its two former funds: ADP I and ...