Amethis Fund III reaches final close
Fund manager Amethis has announced the final closing of Amethis Fund III at €406 million.
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Fund manager Amethis, together with its partner Edmond de Rothschild Private Equity, have announced the final closing of Amethis Fund III (AFIII) at €406 million.
AFIII is the third vintage of Amethis’ flagship pan-African strategy. The fund targets around 10 investments in African small and mid-sized companies, with tickets ranging from €25-40 million.
AFIII is backed by a diverse roster of private investors, including large corporates, foundations, and family offices, alongside financial institutions across North, West, and East Africa. These are joined by development finance institutions, including the European Investment Bank, the International Finance Corporation, British International Investment, Bpifrance, and Proparco. The fund also counts AECID, Swedfund, FinDev Canada, KfW DEG, the Development Bank of Austria, and the AllianzGI-managed AfricaGrow fund among its backers.
François-Xavier Vucekovic, chief investment officer of Edmond de Rothschild Private Equity, commented: “Amethis Fund III exemplifies our shared conviction that long-term, responsible investment can unlock extraordinary potential across Africa. We are proud to support a platform that not only delivers strong value creation but also empowers visionary entrepreneurs and builds resilient, future-ready businesses throughout the continent.”
Amethis’ co-founders and managing partners, Luc Rigouzzo and Laurent Demey, said in a joint statement: “We warmly thank our investors, both longstanding and new, for their continued trust in Amethis and its teams. Together with the entrepreneurs we are committed to supporting, we are building a mutually empowering collaboration that creates lasting value, fuels innovation, and contributes to the sustainable growth of the African continent.”
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