Adlevo Capital, a Mauritius-based private equity firm, has completed the first closing of Adlevo Capital Africa at US$52m.
The fund, which has received capital commitments from development finance institutions and private institutional investors based in Europe, South Africa and the US, will make expansion capital investments into companies with technology-enabled business models across sub-Saharan Africa.
According to Yemi Lalude, founder and Managing Partner of Adlevo Capital, the fund’s management team has already developed a pipeline of attractive investment opportunities.
The firm, which plans to hold a final closing in the first quarter of 2011, was founded by professionals, with a combination of private equity and operational experience in Africa and the United States.
Adlevo Capital operates offices in Lagos and Johannesburg.