International Finance Corporation (IFC) has committed a US$30 million equity investment in the Adenia V fund. 

The fund will invest in equity and equity-linked instruments in companies across Africa. The Adenia V aims to target investments in companies in financial services, agribusiness, consumer goods, telecom, healthcare and education, business services, and hospitality.

The target amount of the fund is US$400 million. The fund will be managed by Adenia Partners Ltd co-led by Antoine Delaporte, Alexis Caude, and Stephane Bacquaert.