Ethos Mezzanine Partners III (EMP III or The Fund) is a sector-agnostic mezzanine debt fund aiming to provide growth capital to larger SMEs and mid-market companies in Eastern and Southern africa. The Fund targets sectors such as consumer goods, technology, media and telecom, tourism, healthcare, and agri-industries by offering tailored solutions specific to each company’s operating needs.
In sub-Saharan Africa, the lack of credit and banking services available to SMEs and mid-market companies are impediments to economic progress and the reduction of poverty in the region. By introducing mezzanine financing options to companies, the Fund will deepen and diversify local capital markets and fill a critical financing gap for growing businesses. Going further, EMP III takes an active investment approach through participation in strategic planning committees and offering guidance on improved corporate governance and meeting international best environmental and social standards. SIFEM’s investment of US$10mn will help enable the Fund to develop successful, sustainable companies and drive local employment in Eastern and Southern Africa.
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Region: Sub-Saharan Africa
Financial instrument: Mezzanine Debt
Fund Manager: Ethos Mezzanine Partners
Fund Size: US$150mn (target)
SIFEM investment: US$10mn