The European Investment Bank is committing $15 million to Ezdehar Management‘s inaugural fund, the Egypt Mid-Cap Fund, bringing the total raised to date to $85 million. Ultimately, the fund is targeting $100 million in commitments, with a hard cap of $120 million.
EIB is the latest of a number of European DFI’s investing in the fund, joining CDC, the European Bank for Reconstruction and Development, and FMO on the fund’s roster of investors. A generalist fund, Egypt Mid-Cap’s strategy is to target growth capital opportunities in private companies and family enterprises in the North African country.
To read this article, you must be a paid subscription member. (Current members login here
Reserve your digital subscription today
Join now for $35 per month
Join now for $395 per year
for access to:
- Weekly newsletter with original and curated news, analysis and perspective
- Africa’s private capital deals, fund raises and the investment firms and executives involved
- Portfolio company news that impacts value and stakeholder participation
- Job moves and partnerships between leading market participants
- Exclusive access to Africa Capital Digest’s full content archive
If you’d like more information on exceptional value group subscriptions for your colleagues and teams, please contact Teresa Hall at thall[at]africacapitaldigest.com today.