PE firm Adenia Partners has successfully expanded its investor base across America, Europe, and Africa, sticking to its strategy of acquiring controlling stakes and creating value.

In a recent interview with Agence Ecofin, Christophe Scalbert, one of the firm's leaders, revealed that Adenia has already exceeded the initial $400 million goal for its fifth African-focused investment fund (Adenia Capital V), raising $420 million to date. The firm is now on the brink of reaching its final target of $460 million in the coming weeks.

From the outset, Adenia Partners secured the trust of its longstanding investors, who committed $300 million at the fund's launch in January 2023. This early commitment enabled the firm to achieve up to 75% of its initial fundraising goal. Notably, the firm has also tapped into African institutional resources, with an increasing number of contributions coming from the continent.

Scalbert emphasized the importance of engaging African private capital, particularly focusing on pension funds in East and Southern Africa. This strategic direction aims to enhance the involvement of African private investors, including family offices and pension funds, in Adenia's investor pool.

Adenia Capital V announced its first investment in October 2023, as reported by Ecofin Pro's transaction journal. The firm's deployment strategy remains unchanged, leveraging a solid track record and continuous financial returns to attract investors. The key to its success lies in systematically opting for majority stakes, ensuring the achievement of set objectives.

Since its inception, Adenia Partners has raised over $800 million and facilitated more than $32.5 million in co-investments. The firm has participated in 32 projects, 17 of which are fully completed. Adenia also claims to have created approximately 3,900 jobs, with operations spanning eight African countries, including a recent office opening in Nigeria.