Amethis Hits US$250 Million for Debut Fund (Sub-Saharan Africa)
Source: Private Equity International | Author(s): Yolanda Bobeldijk
Amethis Finance, a fund manager that provides debt and equity financing to companies in Africa, has held an interim close for its debut fund with US$250 million in capital commitments. The fund also has received a US$150 million line of credit from United States development finance institution Overseas Private Investment Corporation. Amethis, which is targeting a total of US$350 million in capital commitments for the fund’s scheduled final closing in June, acquires minority equity stakes in mid-sized companies in West, Central and East Africa, typically investing US$10 million per transaction.