The European Investment Bank (EIB) has pledged a conditional commitment to the Adenia Entrepreneurial Fund (AEF), a new investment vehicle managed by Adenia Partners, a private equity firm focused on sustainable investments across Africa. This commitment is contingent upon the fulfillment of specific requirements, which are expected to be met in the lead-up to the fund’s first close.
In a public statement, Adenia Partners expressed deep appreciation for the EIB’s continued support, highlighting the historical significance of the relationship:
The EIB is once again taking a leadership role by anchoring the next phase of our journey. Their early commitment is instrumental in attracting additional investor interest ahead of AEF’s anticipated first close in the coming months. This moment represents a reaffirmation of a partnership that began over two decades ago. The EIB was our very first institutional investor, backing our inaugural fund in 2003 with a bold and visionary belief in our mission to build sustainable businesses across Africa.
The Adenia Entrepreneurial Fund is designed to support founder-led small and medium-sized enterprises (SMEs) across the continent. According to Adenia, this new fund marks a strategic return to their foundational ethos:
AEF brings us back to our roots by investing in homegrown entrepreneurs. It builds on our decades of experience in scaling resilient and inclusive African businesses, reinforcing our commitment to fostering long-term growth and impact in the region.
