The European Investment Bank (EIB) has signed a commitment of $22 million with LCP Fund II, a generalist private equity fund targeting growth capital investments in SMEs and mid-market companies in Egypt.

At the first closing, the fund attracted $140 million of commitments, including from other international investors: the European Bank for Reconstruction and Development, International Finance Corporation, Proparco and the Egyptian American Enterprise Fund.

The fund manager, Lor...