Ethos Fund VI is at the end of its investment cycle and is starting its realisation phase. As such, Ethos has begun the capital raising process for Ethos Fund VII; it is envisaged to target a fund size of US$500 million.
The objective of Ethos Fund VII will be to invest in private companies with market-leading positions, an identifiable competitive advantage, strong cash flows and significant growth potential. Ethos Fund VII will target companies with an enterprise value of between US$100-500 million and would seek to invest between US$25-60 million in each opportunity.
Continuing strategy evolution with see Ethos Fund VII focus on transactions in sub-Saharan Africa. The team is aiming to invest up to 50% of the Fund in companies based outside South Africa in the rest of sub-Saharan Africa.
