Swiss private banking group Edmond de Rothschild has raised $530 million for its first Africa-focused fund, the Financial Times reported on Sunday.
The fund, which will focus on making deals in Africa, will be managed by Amethis Finance - a company majority-owned by the Edmond de Rothschild, the paper said. (http://on.ft.com/1z0gucM)
Edmond de Rothschild would raise dedicated funds for Africa along with U.S.-based Carlyle Group LP <CG.O> and Dubai's Abraaj, the daily reported.
Luc Rigouzzo, founder and managing partner at Amethis, told the FT that the fund would target minority stakes in small to medium-sized companies.
Edmond de Rothschild and Amethis could not be immediately reached outside regular working hours.
