Adenia Capital fund in line for investment from Canadian DFI

Canadian development finance institution FinDev Canada has disclosed a proposed investment of up to US$30 million in the Adenia Capital V fund, managed by Adenia Capital Partners.

Adenia Capital V will provide growth capital through making equity and quasi-equity investments, primarily for control positions, in medium-sized companies whose principal place of business are situated in or have substantial connections to Africa.

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