The Egyptian American Enterprise Fund (EAEF) has announced a $50 million investment in Lorax Capital Partners (LCP) Fund II.

LCP has raised $142 million for the first close of the fund.

LCP Fund II aims to raise up to $250 million to invest primarily in growing companies in Egypt. EAEF is joined by the European Bank for Reconstruction and Development (EBRD), the International Finance Corporation (IFC), the European Investment Bank (EIB) and Proparco as investors in LCP Fund II.<...