Tethys Investments

First private equity fund launched in Afghanistan

The InFrontier Afghanistan Fund, the only private equity fund focused on Afghanistan has reached a first close of US$22m in November 2016 with investors that include CDC, the UK's development finance institution and the Dutch Good Growth Fund, an initiative of the Dutch Ministry of Foreign Affairs.

The fund will invest in established businesses that have the potential to become market leaders in the country, focusing across multiple sectors and making long term investments. The team behind the fund have already made a number of investments, including in the country's first and largest pharmacy chain.

The launch of private equity operations in such difficult markets as Afghanistan demonstrate the massive potential that private equity industry has in the Eurasia region..

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