Adenia fund receives investment from European LP
The European Investment Bank has made a commitment to the Adenia Entrepreneurial Fund.
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The European Investment Bank (EIB) has made a commitment to the Adenia Entrepreneurial Fund (AEF), subject to the fulfillment of certain conditions. The fund is managed by Adenia Partners.
“Once again, they are leading the way, anchoring the next chapter of our journey and helping us to mobilise further investor support ahead of AEF’s first close, expected in the coming months. This moment marks a renewal of trust that stretches back more than two decades. The EIB was Adenia Partners’ very first institutional investor, anchoring our first fund in 2003 with a bold, early belief in our vision to build sustainable businesses across Africa,” Adenia said in a statement.
“With its focus on founder-led SMEs, AEF brings us back to our roots by backing homegrown entrepreneurs while building on decades of experience scaling resilient, inclusive African businesses across the continent,” it added.
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