The European Bank for Reconstruction and Development (EBRD) will invest up to $50 million in Lorax Capital Partners’ LCP Fund II.

Anne Fossemalle, EBRD director and head of the equity funds team commented, “We are thrilled to support a local and independent team such as Lorax. The EBRD’s investment in LCP Fund II helps to contribute to the development of private equity in Egypt and will help to provide long-term capital growth to small and medium-sized companies in the region.”...