IFC proposes $30m investment in Adenia Partners fund

The IFC is considering an equity investment of up to $30 million in the Adenia V fund, a Mauritius-based limited partnership which will invest in equity and equity-linked instruments in companies across Africa. The fund will invest in companies in financial services, agribusiness, consumer goods, telecom, healthcare and education, business services and hospitality.

The fund will be managed by Adenia Partners and has a target fund size of $400 million. The fund manager is co-led by Antoine Delaporte, Alexis Caude and Stephane Bacquaert.

Adenia V is registered as a limited partnership under the laws of Mauritius. The fund manager has offices in Mauritius, Madagascar, Kenya, Cote d’Ivoire, Morocco, South Africa and Ghana.

Are you seeking private equity or venture capital investment to grow your company? Africa Private Equity News now offers you the opportunity to connect with investors backing African businesses. Contact us at editor@africaprivateequitynews.com for our rate card and more information.