Finance: Adenia raises $180 million fund targeting African mid-sized companies

On March 24, 2026, Adenia Partners announced a $180 million first close for its Adenia Entrepreneurial Fund I, targeting African SMEs. Raised in under a year, the fund focuses on control investments in high-growth companies, with emphasis on job creation and industrial development. Adenia, which has raised over $1 billion since 2002, highlights growing investor interest in Africa’s undercapitalized mid-market segment, according to development finance data.