Ethos Private Equity is spinning out a new black-owned private-equity fund manager called Infinite Partners, which comprises key members of its mid-market investment team.
The founding investment team of Infinite Partners, which is 100% black and 75% female, will continue to manage the Ethos Mid-Market Fund I, which raised R2.5bn in capital in 2018 for leveraged buyouts and growth investments. Ethos will hold a minority stake in the new fund and support it with governance as it begins operating independently and raising capital with the goal of targeting a wider range of growth investments with enterprise values of between R100m and R1.5bn...
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The irony of the picture 😂