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05 Sep 2023
Adenia Appoints Head of Investor Relations as Firm to Exceed Fund V Target

Mack Schow joins Adenia from German DFI in newly created role

SAINT PIERRE, Mauritius, September 6th, 2023 -- Adenia Partners (“Adenia”), a private markets investment firm committed to responsible investing and a sustainable Africa, is pleased to announce that the firm has appointed Mack Schow as its Head of Investor Relations.

Schow joins Adenia with more than a decade of experience at the German Investment Corporation (DEG), Germany’s development finance institution (DFI). Most recently serving as DEG’s Deputy Head of Equity Africa, Schow co-managed the team covering DEG’s approximately $800M corporate equity business portfolio across Africa, which included commitments to 40 Africa-focused private equity funds. He brings a deep familiarity with the investment landscape across Africa and personally lived on the continent for five years. At Adenia, Schow will help the firm further develop its relationships with its broad base of long-term existing partners and seek to attract new investors to its platform.

The creation of the Head of Investor Relations position represents a significant milestone in the development of Adenia, which was founded in 2002. The move to build out firm leadership comes as Adenia will exceed its $400 million target fundraise for its latest Fund V. The new position and Schow’s hiring signal the firm’s growth and its expanded presence across the continent.

“Mack’s appointment as Adenia’s inaugural Head of Investor Relations is an incredibly exciting milestone for the firm, and it showcases our deep commitment to our partners, who have entrusted us to provide strong financial returns, while having a long-term positive economic impact on the African continent,” said Stéphane Bacquaert, Managing Partner at Adenia. “His far-reaching experience as an institutional investor with deep networks across Africa, makes him a stellar match for Adenia, as we continue to scale our value-based investment program and attract a growing roster of investors.”

In the newly created role, Schow will lead Adenia’s Investor Relations team and be responsible for strengthening the cooperation with existing investors, identifying and developing potential new investors, sourcing equity for Adenia’s funds and co-investments, as well as institutionalizing investor reporting across the firm.

“I am immensely excited to join this hugely experienced and entrepreneurial team and look forward to contributing toward Adenia’s impressive track record of building gender-equitable, climate conscious market leaders in Africa,” Schow shared. “I am passionate about expanding the African private equity industry and am thoroughly convinced that Adenia’s proven, sustainable value creation approach offers a great opportunity for both existing and new investors on the African continent.”

About Adenia

Adenia Partners is a private markets investment firm with over $800M assets under management, committed to responsible investing and a sustainable Africa. Founded in 2002, Adenia has a proven track record with 31 platform investments executed and 17 realized exits. Based on-the-ground across Africa, Adenia has one of the most highly qualified African private markets investment teams in terms of educational pedigree, longstanding experience as entrepreneurs and investors, and local in-depth knowledge. By creating stronger companies with quality jobs, fostering economic improvement, and elevating companies to meet ESG standards, Adenia is increasing the enterprise value for investors, whilst benefiting workers, communities, and companies in Africa. As a firm, Adenia has set ambitious goals with regards to promoting gender lens investing and minimizing the environmental impact of its investment program. Its climate specific commitments include becoming carbon neutral by 2027 at Adenia Partners level and reducing the CO2 intensity of all portfolio companies. Adenia is one of a select few Africa-focused fund managers to have been awarded 2X Flagship Fund status. This distinction underlines specific commitments to gender balance and intentional impact both within the manager and its investees.

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Stephen Fishleigh
BackBay Communications