Ogier, a provider of offshore legal services, has advised Development Partners International (DPI) on the launch of African Development Partners II, a $ 725m, Guernsey closed-ended investment fund.

DPI, one of the Africa private equity specialists with $1.1bn under management, has successfully closed its second fund at $725m, exceeding its $500m target.

Ogier partner William Simpson and managing associate, Andrew Munro advised on the deal.

Simpson said: “Ogier has a particular interest and significant experience in establishing and advising on structures for investment in Africa.”

He added that “two of our most senior lawyers grew up there and we have long standing relationships with some of the most significant managers.”

DPI is a London-based private equity investment adviser, established in 2007, which currently operates across 18 countries in Africa.

The ADP II invests in a pan-African portfolio of private equity investments in established and growing companies from a variety of different industry sectors with an emphasis on those benefiting from Africa’s growing middle class.

Munro said: “Private equity investment in Africa is an area of significant growth and this is the latest example of a Guernsey structure being used to facilitate investment into the region.”

Ogier provides advice on all aspects of BVI, Cayman, Guernsey, Jersey and Luxembourg.

The group employs over 350 professional and support staff in a global network of offices.

Corporate and finance law form the core of our business, principally in the areas of banking and finance, corporate and commercial, investment funds and private client, real estate.