Amethis announces first close of third pan-African fund

Private equity firm Amethis has announced the first closing of its third pan-African fund, Amethis Fund III, at €140 million. The fund has a €450 million target.

The fund will seek both majority and minority positions, and will focus on key growth sectors such as healthcare, manufacturing and distribution (including fast-moving consumer goods and agribusiness), business services (including logistics and IT), energy and infrastructure related services, and non-bank financial services.

Investors in the first close include the International Finance Corporation (IFC) and Swedfund as well as family offices and private institutions.

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