Home African Development Partners III (ADP III) African Development Partners III (ADP III) In brief African Development Partners III (ADP III) is a private equity fund seeking to invest across Africa. The Fund is the third-generation PE fund of Development Partners International (DPI). DPIs strategy is to build a diversified pan-African portfolio of private equity investments in established and growing companies benefiting from Africas fast-growing middle class. ADP III will contribute to creating value within its investees and their positive impact on their local communities, creating more jobs and increasing tax revenues. Main development impact The fund provides companies with growth capital, contributing to job creation, climate change mitigation, and gender balance across Africa. The Fund has been qualified as the 2X Flagship Fund. The Manager affirms its clear and long-standing commitment to advancing women’s economic empowerment and promoting gender equity in DPI and within its investees in the Fund. Investment details Name: African Development Partners III (ADP III) Project number: 80000316 Region: Africa Country: Africa Sector: General fund Signing date (month/year): March 2021 Currency: USD Finnfund's financing (commitment): 26,000,000 Instrument: Fund Status: Active Please note, that in principle, this information is given at the time of signature according to Finnfund's disclosure policy. However, in the case of investment funds, the share of Finnfund’s financing (%) is disclosed after the fund’s final closing, and information on the portfolio companies financed by the fund is updated at least once a year. Companies financed by the fund Name Sector Region Country Optasia Fintech Africa Nigeria, South Africa SICAM Agriculture, food Africa Tunisia Kelix BIO Pharmaceuticals Africa Egypt, India, Malta MNT Halan Microfinance Africa Egypt Kazyon Limited Retail Africa Côte d’Ivoire, Senegal, Guinea, Gabon, Burkina Faso, Congo, Mali, Togo, France COFINA Microfinance Africa South Africa Ukheshe Financial services Africa Egypt Marcyrl Pharmaceutical Industries (S.A.E.) Healtcare Africa Africa Solevo Chemicals, chemical products Africa Nigeria Pan African Towers Telecommunication Africa Read our transparency and disclosure policy More information: News Current investments Business sectors Contact us Key facts Name: African Development Partners III (ADP III) Sector: General fund Region: Africa Country: Africa Currency: USD Finnfund's financing (commitment): 26,000,000 Signing date (month/year): March 2021 Last update: April 2025