Adiwale Fund I

Overview

Adiwale Fund I is a private equity fund focusing on investments in small and medium-sized enterprises in West Africa, particularly in Côte d'Ivoire, to foster economic development. The fund primarily targets investments in Côte d'Ivoire, Senegal, Burkina Faso, and Mali, with a focus on sectors such as business and consumer services, education, food and agriculture, and manufacturing. Adiwale Fund I aims to provide equity for growth while empowering owners in the control and oversight of their businesses. The fund makes initial investments ranging from €3 million to €7 million, with the potential to invest up to €10 million as companies progress. Adiwale Fund I seeks to partner with entrepreneurs who are building businesses that will change the face of West Africa. The fund does not take control of the companies it works with but aims to challenge them to help achieve their potential. In addition to capital, governance improvements, and strategic planning, Adiwale Fund I provides operational support through the lending of expertise, mostly functional, to its portfolio companies. The fund has made several investments, including a minority stake in Codex, a leading Senegalese provider of lifting and logistics services, and a follow-on investment in Enko Education, a pan-African education platform. These investments demonstrate Adiwale Fund I's commitment to supporting businesses that contribute to the economic development of West Africa.

Investment Focus

• Entrepreneurs building businesses that will change the face of West Africa
• Companies with significant growth potential
• Businesses seeking equity for growth while maintaining control and oversight

Portfolio Companies