Rothschild Nets US$530M For Africa P.E. Fund

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.


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