Saturday, 1 October 2016
Last updated 14 hours ago
Jun 30 2014 | 9:37am ET
Private bank Edmond de Rothschild has raised US$530 million for its first fund focused on Africa, one that it launched in conjunction with the Carlyle Group.
The new fund, which will take minority stakes in small- and mid-sized African companies, is run by Amethis Finance, which itself is owned by Edmond de Rothschild. The Financial Times first reported the fundraising.
Rothschild is working with Carlyle and Dubai-based private-equity firm Abraaj Group on the Africa fund.