Ethos recently began capital raising for Ethos Fund VII, targeting a fund size of between R8 billion and R10 billion. The Fund held its first close in October 2018 and has successful completed its first investment: ChannelVas.
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 R1.5 billion to R7 billion and would seek to invest between R450 million to R1 billion in each opportunity.
Ethos Fund VII will focus on transactions in both South Africa and other select countries in sub-Saharan Africa (up to 25% of Ethos Fund VII’s committed capital may be invested in companies whose primary business activities are located outside of South Africa in sub-Saharan Africa).