Investment fund manager Amethis announces first closing of Amethis MENA Fund II

AFRICA – Amethis, an investment fund manager dedicated to long-term responsible investing across the African continent, has announced the first closing of Amethis MENA Fund II at US$101 milion. AMF II’s final closing is scheduled for July 2022, with several investors currently in due diligence. The Fund, which will target majority and minority investments ranging from US$5.91 million to US$17.73 million in fast-growing small-to-medium sized enterprises in Morocco, Egypt, Tunisia and Jordan, is Amethis’ second SME MENA fund and fifth overall fund. It succeeds AMF I, formerly known as CNAV…

Read More

EBRD and EIB to invest US$24m in Amethis Mena Fund II for SMEs in MENA zone

MENA – Amethis, the investment fund manager dedicated to the African continent, is preparing the first fundraising operation for its new investment vehicle, Amethis Mena Fund II. This first closing is announced for the first quarter of 2021. The Luxembourg registered Amethis Investment Fund Manager is an Alternative Investment Fund Manager (AIFM) and dedicated to projects and investments in Africa. It has €725 million (US$878.51 million) of assets under management. Two international financial institutions have already indicated their intention to invest in this vehicle, which targets medium-sized companies and fast-growing…

Read More