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DPI raises USD900m Africa fund to invest in innovation-led companies

DPI raises USD900m Africa fund to invest in innovation-led companies

Development Partners International (DPI), an investment firm focused on Africa, has raised USD900 million for African Development Partners III Fund (ADP III), exceeding its USD800 million target. The find also attracted an additional USD250 million of dedicated co-investment capital, bringing a total of USD1.15 billion for investments on the continent.