Adenia Partners gathers $300m for fifth fund

Adenia V's target is $400 million.

  • Advenia V’s limited partners include numerous development finance institutions such as IFC, Proparco, EIB, FMO, DEG, Norfund and BPI
  • The fund will make between 10 and 12 investments, with a median deal size between $30 million and $50 million
  • Adenia Partners was founded in 2002

Adenia Partners, an Africa-focused private equity firm, has raised $300 million for its fifth flagship fund.

Adenia V’s target is $400 million.

The fund will invest in medium-sized companies in Africa. Targeted sectors include financial services, agribusiness, consumer goods, telecommunications, healthcare and education, business services, light manufacturing, and specialty distribution.

Advenia V’s limited partners include numerous development finance institutions such as IFC, Proparco, EIB, FMO, DEG, Norfund, and BPI.

The fund will make between 10 and 12 investments, with a median deal size between $30 million and $50 million.

“This successful first closing – against the backdrop of an uncertain macro environment – is testament to our long-established track record of building market leaders in Africa as a committed, responsible investor with an on-the-ground presence across the continent,” said Alexis Caude, managing partner at Adenia, in a statement.

Adenia Partners was founded in 2002.