Navigating Africa: Inside Adenia’s record fundraise

The challenges of fundraising in the current volatile environment, even for the most established fund managers, is well documented. But fundraising in an environment where LP capital is already hard won and prolonged geopolitical tensions are rife adds a whole new dimension to the process. If anyone understands how to navigate the continent it is Stephane Bacquaert, the managing director of Adenia Partners, which is currently nearing its $460m target for one of the largest-ever Africa-focused fundraises. Bacquaert spoke to AltAssets about dealing with DFIs, opportunities outside fintech and the importance of taking control in unpredictable circumstances.