IFC proposes $75m commitment to Development Partners International fund
The 10-year closed-end fund has a target size of $1 billion.
** For the best experience, download the free Africa Private Equity News app Android | iOS **
The International Finance Corporation (IFC) has disclosed a proposed commitment of $75 million, and a co-investment envelope of $50 million, to the African Development Partners IV fund, managed by Development Partners International.
The 10-year closed-end fund has a target size of $1 billion.
The fund has a pan-African generalist strategy and will make growth equity investments in established and growing companies, with an emphasis on those benefiting from Africa’s growing consumer class.
Stay ahead in Africa’s private equity and venture capital sector with Africa Private Equity News’ monthly Dealmaker’s Log – a database of reported investment deals, exits, and fundraising closes. Subscribe here