Rooted in Africa. Built for the long term.
Founded in 2007, DPI is a leading pan-African investment firm — combining deep local knowledge with international expertise and a rigorous, disciplined approach.
We work closely with management teams to help businesses realise their potential through strategic, operational and digital transformation.
Headquartered in London and regulated by the UK's Financial Conduct Authority, we are now extending our reach across the Middle East.
We invest in people and companies — delivering competitive returns while leaving a lasting, positive mark on the communities we serve.
Six values. Every decision.
The people behind the performance.
Fifty people across four offices — investors, operators and specialists who have spent their careers in and around the continent.
“Twenty years on, our conviction is unchanged: Africa's growth story is written by its entrepreneurs. Our job is to back them with patient capital and real operational depth.”
Read Sofiane's bio
From emerging manager to institution.
Miles Morland and Runa Alam shared a vision: a pan-African firm combining commercial performance with positive, lasting impact. In 2026, Sofiane Lahmar succeeded Runa as CEO — continuity, and a new chapter.
Our journey
- 2007A conviction, foundedMiles Morland and Runa Alam found DPI to connect international capital with Africa's most promising businesses. ADP I is launched.
- 2010A track record takes shapeEarly investments, including Eaton Towers and Letshego, establish DPI's place in African private equity.
- 2013Scaling across the continentADP II reaches final close, taking DPI into new markets and sectors.
- 2019An institutional platformADP III launches, the firm's largest fund to date, built on two decades of process and people.
- 2021Impact, built inDPI formalises its Impact & ESG Management System. ADP III is recognised as a 2X Challenge Flagship Fund.
- 2024House of the DecadeThe CMGP IPO marks a landmark exit, and Private Equity Africa names DPI its House of the Decade.
- 2025A multi-product platformADP IV launches alongside DPI Venture Capital and the Nclude Innovation Fund, backing financial inclusion.
- 2026The next twenty yearsSofiane Lahmar becomes CEO as Runa Alam becomes Chair. ADP IV invests in Kazyon and Alameda Healthcare.
Sovereign wealth funds, pensions, endowments, insurers, family offices and DFIs across five continents.
- LondonHeadquarters
- CairoOffice
- LagosOffice
- UAEOffice