Adenia Partners Closes Oversubscribed $470m Fund V for African Growth Ventures

Private equity firm Adenia Partners has achieved a milestone with the successful closure of its fifth fund, Adenia Capital V (Fund V), hitting its $470 million hard cap. The fund, which saw overwhelming demand from investors globally, signals confidence in Adenia's strategy of targeting growth opportunities in Africa.

Maintaining its commitment to long-term investments, Fund V follows Adenia's proven approach of acquiring controlling stakes in medium-sized African companies with potential for operational and ESG enhancements. The sector-agnostic fund prioritizes industries such as financial services, agribusiness, renewable energy, consumer goods, telecommunications, healthcare, education, business services, light manufacturing, and specialty distribution.

This latest fund dwarfs its predecessors, with Fund IV and Fund III raising €230 million and €95.8 million, respectively. Adenia's ability to attract significant capital underscores its reputation as a leading player in African private equity, poised to drive sustainable growth and value creation across diverse sectors.