Fund name: Adiwale Fund I
Amount raised: €60 million
Target size: €75 million
Stage of fundraising: Final close
Adiwale Partners announced the final close of its first fund, Adiwale Fund I, raising a total of €60 million. The amount raised is below the €75 million target size due to complications bought on by the covid-19 pandemic.
Previously, the fund reached first close at around €50 million, receiving a €9 million commitment from the International Finance Corporation. Adiwale now plans to build a portfolio of growth assets that will become strong targets for larger private equity players.