Development Partners International (DPI), a renowned investment firm that prioritizes Africa has issued an announcement encouraging both startups and established Ghanaian corporations to leverage its US$900 million African Development Partners III Fund (ADP III) to raise funds for their operations.
“We look to investing in businesses that are ultimately serving the African middle class. For us, that means investing in multiple sectors, cutting across financial services, technology, telecommunications, fast-moving consumer goods, retail, education, healthcare,” Adefolarin Ogunsanya, an investment professional at DPI LLP noted in a conversation with the Ghanaian Times.
ADP III recently completed a raise that drew participation 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.
DPI’s fund is reflective of the backing of a global investor base from over 20 countries across North America, Europe, the Middle East, and Africa. The fund which enjoyed strong backing from existing investors also addedover 25 new LPs into its investor base.
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