This archive report was first published on 8 October 2021.
On October 8, 2021, Development Partners International (DPI), a leading Africa-focused private equity firm, announced a major milestone in its fundraising efforts. The firm's African Development Partners III Fund (ADP III) has surpassed its initial target of US$800 million, securing a record US$1.15 billion in commitments.
With an additional US$250 million of dedicated co-investment capital, ADP III is poised to become one of the largest funds dedicated to investing global capital in Africa. The successful fundraising effort demonstrates the growing interest in Africa's economic potential and the confidence of international investors in the continent's future.
Investment Focus ¶
According to DPI, ADP III will focus on investing in established and growing companies in industries that benefit from Africa's fast-growing middle class and the increasing digital transformation of the continent.
