Lorax Capital Partners II Reaches USD140m First Close with Commitments from EBRD and EIB

Source(s): MENAFN | EBRD

Lorax Capital Partners has reached a USD140m first close for Lorax Capital Partners Fund II, a vehicle focused on supporting SMEs in Egypt. EBRD and EIB recently committed a combined USD72m to the fund, with EBRD investing USD50m and EIB USD22m. Read more here and here