Africa Development Partners III
While large-cap companies are important drivers of economic growth, Africa lags other regions in its number of large companies. No African companies are featured in the Fortune 500, which ranks firms by revenue and there are significantly fewer large cap companies in Africa than in other emerging market peer regions. The Fund will address this issue by providing capital to leading African upper mid-market companies, ensuring their continued growth. By investing in larger businesses, the Fund will also support considerable job creation on a pan-African scale. Additionally, DPI, the Manager, is unique in the African PE space as the only women-led PE Manager operating in the African upper mid-market and of one of the few women-led PE managers across the entire African market. The Fund will make an important contribution to women’s economic empowerment, as well as contribute to local tax revenues.