EBRD makes $50m commitment

The CEE-focused development bank has backed an Egyptian PE fund.

Institution: European Bank for Reconstruction & Development
Headquarters: London, United Kingdom
AUM: €2.40bn
Bitesize: €10-50m

European Bank for Reconstruction & Development has agreed to commit $50 million to Lorax Capital Partners Fund II, according to a report on the bank’s website. The Egyptian buyout fund is focused primarily on investments in small-to-mid-sized domestic companies.

EBRD has made two other commitments to 2019-vintage private equity funds: €25 million to Avallon MBO Fund III and €30 million to Earlybird Digital East Fund II.

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