European LP proposes investment in Adenia fund
DEG, the German development finance institution, has disclosed a proposed investment of €20 million in Adenia Capital (IV) LP, a €200 million generalist private equity fund that is being incorporated to focus on making equity and quasi-equity investments in small to mid-cap companies across sub-Saharan Africa.
The fund, managed by Adenia Partners, will largely invest in SMEs with high growth potential but not sufficient access to equity and quasi equity finance. In addition to its financing, the fund will provide institutional support and facilitate know how transfer.
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