Rothschild fund raises $530 million to invest in Africa

A logo of Banque Privee Edmond de Rothschild is seen on the bank building before a news conference for the group’s 2010 results, in Geneva March 31, 2011. CREDIT: REUTERS/DENIS BALIBOUSE

Swiss private banking group Edmond de Rothschild (RLD.S) 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.

Read more: Rothschild fund raises $530 million to invest in Africa: FT | Reuters.

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