PROJECT

Projects

Summary of Investment Information

Project Number

32034

Company Name

AFRICAN DEVELOPMENT PARTNERS II LP

Date SPI Disclosed

Mar 13, 2013

Country

Africa Region

Region

Africa

Projected Board Date

May 9, 2013

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Dec 21, 2024

Department

Equity Portfolio Management

Industry

Funds

Previous Events

Approved : May 9, 2013
Signed : May 14, 2013
Invested : Sep 25, 2013

Sector

Growth Equity Fund

Project Description

 The proposed investment involves an equity investment in African Development Partners Fund II (“the Fund”) a mid-cap growth fund targeting US$500 million in capital commitments. The Fund has a generalist strategy and will target investments in private sector businesses in Africa that have the potential to grow into regional or pan-African businesses, and to produce net equity returns of 20% to 25% per annum. The typical investment size is expected to be US$20-75 million.

                                                  

Associated Advisory Engagement

                                    

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation