Private equity firm Development Partners International (DPI) has closed its second pan-Africa-focused fund, ADP II, with approximately US$725 million in capital commitments. Investors in the fund include corporate and public pension funds, endowments and foundations, funds of funds, family offices and development finance institutions from the United States, Europe, the Middle East and Africa. The fund seeks to invest in a broad range of sectors, including financial services, healthcare, education, construction, logistics, telecoms and consumer goods.