Fund vehicle

Amethis Fund III

Compiled from public sources

Amethis Fund III is a closed-ended, flagship pan-African growth capital and buyout private equity fund dedicated to investing in mid-sized African enterprises. Managed by Luxembourg-regulated Amethis Investment Fund Manager S.A. in partnership with Edmond de Rothschild Private Equity, the fund targets around 10 to 12 majority or significant minority equity investments across fast-growing, high-impact African economic sectors. Particular focus areas include healthcare, business services (logistics, technology, IT services), non-banking financial services, manufacturing and distribution (including agribusiness), and infrastructure-related services. As the third vintage of Amethis’ flagship growth equity strategy, AFIII is structured with an ESG-linked carried interest mechanism and holds the distinction of being the first private equity fund operating on the African continent to be classified as an Article 9 fund under the EU Sustainable Finance Disclosure Regulation (SFDR). Launched in 2023 with an initial target of €450 million, the fund achieved a final close in January 2026 at €406 million.

Manager

Amethis Investment Fund Manager S.A.

Vintage

2023

Strategy

Private Equity

Target size

$495m

Size

$471m

Status

Closed