{"id":52824,"date":"2021-10-06T16:30:08","date_gmt":"2021-10-06T15:30:08","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=52824"},"modified":"2021-10-06T16:32:03","modified_gmt":"2021-10-06T15:32:03","slug":"cdc-group-commits-us-100-million-to-african-development-partners-iii-adp-iii","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/cdc-group-commits-us-100-million-to-african-development-partners-iii-adp-iii\/","title":{"rendered":"CDC Group Commits US $100 Million To African Development Partners III (\u2018ADP III\u2019)"},"content":{"rendered":"

–<\/a>\u00a0 \u00a0Commitment to provide much-needed growth equity to medium-sized and large companies, delivering essential goods and services to the emerging middle class and mass market<\/span><\/p>\n

–\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0US $100 million investment in ADP III reaffirms CDC and DPI\u2019s aligned focus on investing in pioneering businesses driving positive, lasting change in Africa<\/span><\/p>\n

–\u00a0\u00a0\u00a0\u00a0Contributes towards UN Sustainable Development Goals (SDGs) in particular, on good health and well-being, gender equality, and improved economic opportunities through direct and indirect job creation (SDGs 3, 5 and 8)<\/span><\/p>\n

\"\"<\/span><\/p>\n

CDC Group plc (\u201cCDC\u201d), the UK\u2019s development finance institution and impact investor, has announced a US $100 million commitment to African Development Partners III, the Fund advised by Development Partners International LLP (DPI) \u2013 a leading pan-African private equity firm. CDC\u2019s latest commitment supports ADP III fundraise as it closes at US $900 million, becoming one of the largest funds dedicated to investing in Africa.<\/span><\/p>

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Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

ADP III will target medium-sized and large companies in Africa, thereby facilitating greater job creation, economic diversification, and market expansion, whilst also funding essential services through corporate taxes. As part of its strategy, the fund will also focus on innovation-led businesses that are transforming critical sectors such as healthcare and agriculture, and are in turn, helping to foster economic growth across the continent.<\/span><\/p>\n

CDC\u2019s\u00a0commitment reaffirms the DFI\u2019s confidence in DPI\u2019s hands-on approach to value creation as the fund manager continues to make strong strides in ESG and development impact, whilst also embedding gender lens investing and climate change into its investment mandate. ADP III has been recognised as the first\u00a02X\u00a0Flagship Fund, as part of the global\u00a02X Challenge<\/a>, which speaks to DPI\u2019s commitment to gender-lens investing and creating economic opportunities for women in Africa. Supported by CDC, DPI has trained their investment teams on opportunity-led gender finance and has embedded appropriate safeguarding measures within the fund and across its portfolio. DPI has also been developing tools to assess climate-related risks and opportunities in their investments.<\/span><\/p>\n

The UK\u2019s development finance institution has been an important partner for DPI since the manager\u2019s inaugural fund in 2008 and anchored the subsequent\u00a0ADP II<\/a> fund, committing US $75m at first close in 2013. CDC\u2019s investment in ADP III strengthens the partnership with DPI, enabling the availability of greater capital to CDC\u2019s target markets.\u00a0\u00a0<\/span><\/p>\n

John Owers<\/b>, Head of Mid\/Large Funds at CDC Group<\/span><\/b>, said: \u201c<\/span>We are pleased by DPI\u2019s rigorous and focused ability to provide targeted support to investees in sectors that serve the continent\u2019s growing middle class. Our commitment to ADP III demonstrates our confidence that DPI\u2019s third fund presents an opportunity to make investments that help to maximise both commercial and impact outcomes across the continent. We are thrilled that our patient and long-term capital will facilitate increased access to goods and services, and create lasting jobs that will continue to energise Africa\u2019s growth.\u201d<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Group plc (\u201cCDC\u201d), the UK\u2019s development finance institution and impact investor, has announced a US $100 million commitment to African Development Partners III, the Fund advised by Development Partners International LLP (DPI) \u2013 a leading pan-African private equity firm. CDC\u2019s latest commitment supports ADP III fundraise as it closes at US $900 million, becoming one of the largest funds dedicated to investing in Africa.<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17],"tags":[9090],"coauthors":[2391],"class_list":["post-52824","post","type-post","status-publish","format-standard","","category-business","category-news","tag-cdc-investment"],"yoast_head":"\nCDC Group Commits US $100 Million To African Development Partners III (\u2018ADP III\u2019) - National Wire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/cdc-group-commits-us-100-million-to-african-development-partners-iii-adp-iii\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CDC Group Commits US $100 Million To African Development Partners III (\u2018ADP III\u2019) - National Wire\" \/>\n<meta property=\"og:description\" content=\"Group plc (\u201cCDC\u201d), the UK\u2019s development finance institution and impact investor, has announced a US $100 million commitment to African Development Partners III, the Fund advised by Development Partners International LLP (DPI) \u2013 a leading pan-African private equity firm. 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