Egypt: major institutional investment in the Lorax SME PE fund ($250 million)
The EBRD, EIB and IFC are to invest almost $100m in the SME-focused fund managed by U.S. firm Lorax Capital Partners. The fund has a target size of $250m.
Someone shares this article with you
▪ Egypt: major institutional investment in the Lorax SME PE fund ($250 million)
▪ The EBRD, EIB and IFC are to invest almost $100m in the SME-focused fund managed by U.S. firm Lorax Capital Partners. The fund has a target size of $250m.
▪ https://www.africabusinessplus.com/en/800648/egypt-major-institutional-investment-in-the-lorax-sme-pe-fund-250-million/
Set up in 2015 and run by Ashraf Zaki, a former executive at Morgan Stanley, fund manager Lorax will receive significant backing for its future Lorax Capital Partners Fund II. The fund aims to raise a total of $250m and will make equity and quasi-equity investments in Egyptian SMEs and mid-cap companies.
This article is for subscribers only. To read more, subscribe with a special offer.
You are connected to your Jeune Afrique account but your Africa Business+ subscription does not allow you to consult the English version. To update your subscription, contact us by clicking here.
Recommended articles
New technologies
09/12/2021 at 18h06, by Africa Business+, updated 10/12/2021
Ashraf Zaki’s Lorax Capital Partners secures $18 million from DEG
The private equity firm, which had bet on Fawry, is approaching its final closing for its $250 million...
Any questions ? contact us
Please get in touch with the Africa Business+ team if you require any further information.
Email us : customer.care@africabusinessplus.com
Add AB+ to your home screen
1. Click on at the bottom of your screen.
2. Click on to add AB+ on the home screen.
3. Enter the name of the shortcut and confirm.