Guernsey's "internationally recognised regulatory and
legal framework" was key to the establishment of one of the
largest funds ever raised dedicated to investing global capital in
Africa.
Lawyers from Carey Olsen's Guernsey corporate team
advised Development Partners International (DPI) on the Guernsey
aspects of the establishment of African Development Partners III
Fund (ADP III).
ADP III, which is a closed-ended scheme, has exceeded its US$800
million target, holding a final close at approximately US$900
million, with an additional US$250 million of dedicated
co-investment capital secured.
The fund will invest in established and growing companies
in industries that benefit from Africa's fast-growing middle
class and the increasing digital transformation of the continent.
All investments will uphold the highest standards of impact and
environmental, social and governance (ESG) work.
