IFC approves $25m investment in Lorax II fund
Posted on: 1 July, 2020 at 9:27 AM
The IFC has approved an equity investment of up to $25 million in Lorax II (LCP Fund II), a closed-end private equity fund targeting to raise $250 million to invest in mid-cap companies with strong management teams and growth potential in Egypt and up to 20% in the other countries in the Middle East and North Africa.
LCP Fund II is managed by Lorax Capital Partners, a Cairo based investment advisor.
The fund will make equity investments of between $15 and $50 million per transaction.
Reach Africa’s private equity community by publishing a Showcase Article on Africa Private Equity News. Contact us at firstname.lastname@example.org for our rate card and more information.