Adenia Partners fund reaches $180m hard cap
The Mauritius-based private equity firm exceeded its $150 million target in under a year.
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Africa-focused investment firm Adenia Partners today announced the first close of its Adenia Entrepreneurial Fund I (AEF) at its hard cap of $180 million. This comes less than a year after the launch of the fundraising process with an original target size of $150 million.
AEF is focused on control investments in small and lower mid-cap companies – the largest and most undercapitalised segment of the continent’s private sector.
The fund has attracted a diverse group of institutional investors, including development finance institutions (DFIs), European family offices, multi-regional fund-of-funds, and African institutional asset allocators.
Alexis Caude, managing partner at Adenia Partners, commented: “Reaching our hard cap at first close and in under a year reflects strong conviction in both our strategy and in Africa’s entrepreneurial ecosystem. Adenia and our investors are responding to a clear market opportunity to invest in high-growth, high-impact SMEs across the continent. AEF offers a diversified, pan-African approach while staying true to our core principles: sector-agnostic investing, control positions and responsible value creation. We believe the time is right to support the next generation of African champions.”
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