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Zoscales holds first close for maiden fund at $50mln

Zoscales Partners, an investment firm focused on investments in Ethiopia has announced that it expects to exceed its first close target of $50 million for its maiden growth equity fund by October 2015, making it very likely that it will hit its $75 million final close target by the end of the year.

The primary regional focus for the fund will be investments in Ethiopia, with satellite investments in the greater East African region. While the fund will be sector agnostic, the fund will prioritize investments in the FMCG and Healthcare sectors, as well as materials and renewable energy. According to the firm’s website, these sectors are attractive due to their CAGRs that are anticipated to exceed 15% and their sell-on attraction to trade buyers and secondary private equity acquirers.

Zoscales Partners is based in Addis Ababa.

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