PROJECT

Projects

Summary of Investment Information

Project Number

47849

Company Name

Amethis Fund III S.C.A., SICAV-RAIF

Date SPI Disclosed

Apr 11, 2023

Country

Africa Region

Region

Africa

Projected Board Date

May 19, 2023

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Aug 18, 2023

Department

Equity Portfolio Management

Industry

Funds

Previous Events

Approved : Jun 2, 2023
Signed : Jun 29, 2023
Invested : Aug 15, 2023

Sector

Growth Equity Fund

Project Description

 The proposed project is an equity investment of up to €40 million into Amethis Fund III (Fund III or the Fund), a pan-African private equity (PE) fund, and a €30 million co-investment envelope. The Fund is targeting to raise €450 million to pursue growth capital and buyout investments in 10-12 mid-cap companies across Africa. The Fund will invest in various sectors including healthcare, non-banking financial institutions & services, business services (including logistics & IT), manufacturing and distribution.

Fund III is a successor Fund to Amethis Fund II, a 2018 vintage with total commitments of €375 million, and Amethis Fund I, a 2012 vintage with total commitments of €275 million                                                  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation