FinDev Canada commits to Amethis Fund III
The fund has a target size of €400 million and is managed by Amethis.
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Canada’s development finance institution, FinDev Canada, has announced a €20 million equity commitment to Amethis Fund III, a generalist private equity fund seeking investments in nine to 12 mid-sized scalable enterprises in sub-Saharan Africa. The fund has a target size of €400 million and is managed by Amethis.
“FinDev Canada is proud to work with Amethis Fund III to strengthen Africa’s private sector. This transaction aligns with our investment priorities, particularly in supporting local market development and advancing gender equality. Through this partnership, we look forward to expanding our impact, deepening our commitment for inclusive and sustainable development in the region,” said Lori Kerr, CEO of FinDev Canada.
“We are truly proud and honoured to welcome FinDev Canada within our investor community. Their commitment reinforces our shared vision of fostering sustainable and inclusive economic growth across Africa. This strategic partnership will further help us to support high-potential SMEs and mid-cap companies, creating quality jobs and strengthening local and regional value chains,” commented Luc Rigouzzo and Laurent Demey, managing partners of Amethis.
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