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FINANCIAL NEWS
Lebanon-EuroMena closes third fund for USD150mn
21 Dec 2016
(MENAFN) Lebanon-based EuroMena has proclaimed the second and final closing of its third fund EuroMena III for a total value of USD150mn.
The fund attracted global investors to its third fund, such as the Intl’ Finance Corp (IFC), the German Investment and Development Corp and the UK’s Development Finance Institution.
Moreover, it also held the first advisory committee meeting in London, UK, while participants discussed the key economic dynamics shaping the private equity field in emerging markets.
Meanwhile, CDC Group will help the EuroMena III achieve its final close target with a commitment of USD20mn in the Fund.
M
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