Ethos Capital sees uptick in foreign investor interest
Ethos Capital Partners says it believes foreign interest in participating in fund raising has improved as optimism returns to the market following Cyril Ramaphosa’s elevation to the presidency and promises to work on governance and policy. Ethos Capital Partners invests in funds managed by private equity firm Ethos. "As a foreign investor looking to invest in SA, the region’s growth outlook compared to other global investment destinations has been lower over the last 12 months," said Ethos Capital CEO Peter Hayward-Butt. "But recently, we’ve had lots of interest in SA as investors have started to take a more bullish view on the country’s prospects," he said. Ethos Capital reported a 4% increase in its net asset value to R1.9bn during the six months to December 2017, bolstered by R480m in new investments, including corporate clothing manufacturer Kevro and media group Primedia. Its total invested assets are now valued at R730m, with the bulk of the company’s net asset value remaining...
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