Africa-focused Private Equity Firm DPI Raises USD 900 Mn

Development Partners International (DPI), a leading African investment firm, announced that it has raised USD 900 Mn in its third round of funding. The ADP III fund will invest in established and growing companies in industries that benefit from Africa’s fast-growing middle class and the increasing digital transformation of the continent. 

ADP III secured capital from a broad range of leading pension and sovereign wealth funds, development finance institutions, endowment and foundations, insurance companies, fund-of-funds, asset managers, and impact investors.