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.
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▪ 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.
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09/12/2021 at 18h06, by Africa Business+, updated 10/12/2021
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