MiDA Advisors, with the support of the United States Agency for International Development (USAID), mobilized U.S and African Institutional Investors to co-invest in an Africa focused fund – ADP III managed by Development Partners International (“DPI”). In 2021, DPI, a premier investment firm focused on Africa with $2.8 billion in assets under management including co-investments of $85 million from the City of Philadelphia Board of Pensions and Retirement, Chicago Teachers’ Pension Fund, KenGen Pension Scheme, Banki Kuu Pension Scheme, and Eskom Pension and Provident Fund, into its ADP III Fund.
MiDA Advisors supported the mobilization of $85 million U.S. and African institutional investments into an Africa focused fund that invests in SMEs in West Africa.
MiDA Advisors, with the support of the United States Agency for International Development (USAID), mobilized U.S and African Institutional Investors to co-invest in an Africa focused fund – ADP III managed by Development Partners International (“DPI”). In 2021, DPI, a premier investment firm focused on Africa with $2.8 billion in assets under management including co-investments of $85 million from the City of Philadelphia Board of Pensions and Retirement, Chicago Teachers’ Pension Fund, KenGen Pension Scheme, Banki Kuu Pension Scheme, and Eskom Pension and Provident Fund, into its ADP III Fund.
MiDA Advisors, with the support of USAID, played a key role in mobilizing U.S. and African pension fund investments by providing investor education, facilitating presentations, and hosting roadshows amongst other enabling activities.
In April 2022, a group of U.S. Institutional Investors organized by MiDA Advisors had the opportunity to visit the Group Cofina office in Dakar, Senegal and hear from some of the businessowners who run SMEs utilizing its services to scale and sustain their operations. As a result of the aforementioned investments mentioned, along with others, DPI announced it was investing €60 million ($64 million) for a significant minority stake in a high-growth financial services business, Groupe Cofina. This transaction will support Groupe Cofina in its mission to accelerate growth for Francophone West and Central’s Africa’s small and medium enterprises (SMEs) – a critical sector helping to drive economic development in the region.
This support was made possible by the support of the American people through the United States Agency for International Development (USAID). The contents of these materials are the sole responsibility of MiDA Advisors and do not necessarily reflect the views of USAID or the United States Government.