IFC proposes $20m commitment to Egypt-focused PE fund
The IFC has proposed an equity investment of up to $20 million into Ezdehar Mid-Cap Fund II, a private equity fund focused on growth equity transactions in Egypt and targeting $150 million in total commitments.
The fund will be advised by Ezdehar LLC, co-led by its two founding partners, Emad Barsoum and Amir Mishriky, who have substantial experience in the Egyptian private equity market. The fund manager previously raised a $84 million fund in 2017 (Fund I), that has been deployed across seven investments in the Egyptian mid-cap space.
The fund’s investment strategy will be to seek minority and selective majority stakes in six to eight high-growth small to mid-cap companies with investments ranging from $5-30 million per company.
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