Fund vehicle

Adiwale Fund I, LP

Compiled from public sources

Adiwale Fund I, LP is a closed-ended growth equity private equity fund dedicated to providing growth capital and operational support to established mid-sized enterprises (SMEs) across Francophone West Africa. The fund focuses on high-growth SMEs primarily established in Côte d'Ivoire, Senegal, Mali, Burkina Faso, Togo, Benin, and Guinea. Adiwale Fund I targets 15% to 45% strong minority stakes, backing growth-oriented business owners facing operational or capacity gaps to build regional presence across the West African Economic and Monetary Union (WAEMU) region and beyond. Investment themes prioritise rising consumer incomes, local supply chain expansion, import substitution, and backward integration across consumer goods, healthcare, education, business logistics, and light manufacturing. The fund targeted a size of €75 million but was undersubscribed, closing at a final size of €60 million.

Manager

Adiwale Partners

Vintage

2019

Strategy

Private Equity

Target size

$83m

Size

$70m

Status

Closed