African Development Partners II fund

8/6/2015

Fund formation

Value:

$ 725 million

Status:

Completed

Date:

8/6/2015

Overview:

Development Partners International has launched African Development Partners II.
The fund is a closed-ended Guernsey vehicle, which will make private equity investments linked to the growing African middle class.
The fund closed with a value of $725 million, 45% above target.

Sam Duke - Editor

Jurisdictions:

United States
United Kingdom
Channel Islands: Guernsey

Deal type:

Fund formation

Practice areas:

Investment funds
Private equity

Governing law:

Channel Islands: Guernsey

Industry sector:

Investment management

Firms:

Ogier

Party: Development Partners International (Fund manager)

O'Melveny & Myers

Party: Development Partners International (Fund manager)

Lawyer: Alicja Biskupska-Haas

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