PROJECT

Projects

Summary of Investment Information

Project Number

52064

Company Name

Adenia Entrepreneurial Fund I

Date SPI Disclosed

Jan 12, 2026

Country

Africa Region

Region

Africa

Projected Board Date

Feb 11, 2026

Environmental Category

FI-2 - Limited

Status

Pending Disbursement

Last Updated Date

Apr 2, 2026

Department

Equity Portfolio Management

Industry

Funds

Previous Events

Approved : Mar 5, 2026
Signed : Mar 17, 2026

Sector

Growth Equity Fund

Project Description

The proposed project is for IFC to commit up to US$30 million equity into Adenia Entrepreneurial Fund I (AEF I or the Fund), a pan-African SME and small-cap focused private equity (PE) fund, and a US$20 million co-investment envelope under delegated authority. The Fund is targeting to raise US$150-180 million in total commitments with a generalist strategy and keeping Adenia’s control investment focus. AEF targets growth equity investments in 10-12 Small-cap companies with ticket size ranging US$10-20 million.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation