EBRD invests up to $50M in Egypt-focused private equity fund
- Date: 01-Oct-2020
- Source: Egypt Today
- Sector:Financial Markets
- Country:Egypt
EBRD invests up to $50M in Egypt-focused private equity fund
The European Bank for Reconstruction and Development - Photo courtesy of EBRD official website
CAIRO - 1 OCtober 2020: The European Bank for Reconstruction and Development (EBRD) announced Thursday investing up to US$ 50 million in Lorax Capital Partners (LCP) Fund II.
EBRD clarified that this fund is to boost the resilience of the financial sector in Egypt and support equity financing to small and
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