Adiwale Partners raises US$69m, reaches final close of its first fund

WEST AFRICA – Adiwale Partners, an SME fund primarily targeting investments, has announced completed the final closing of its very first West African investment fund, Adiwale Fund I of around 60 million euros. The company, co-founded in 2016 by two former partners of Cauris Investment Management, raised a total of 60 million euros (US$69.6 million). This amount is below the target size of 75 million euros (US$87 million) expected by the private equity fund manager. Its two co-founders, Jean-Marc Savi de Tové and Vissého Gnassounou also regret that this final…

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