Egypt's Tanmiya Capital closes $130 million fund backed by EIB, IFC and EBRD
Egypt-based private equity firm Tanmiya Capital Ventures (TCV) has announced the final close of its second fund at $130 million, exceeding its $120 million target, following a $37.5 million commitment from the European Investment Bank (EIB) through its development arm, EIB Global. The fund is backed by international and local institutional investors, including the Egyptian-American Enterprise…
Egypt-based private equity firm Tanmiya Capital Ventures has successfully closed its second fund at $130 million, surpassing its $120 million target. The fund, backed by the European Investment Bank (EIB), International Finance Corporation (IFC), European Bank for Reconstruction and Development (EBRD), and Egypt's Micro, Small and Medium Enterprise Development Agency (MSMEDA), is now set to invest in a portfolio of six to eight growth-oriented companies in sectors such as healthcare, training, fintech, consumer goods, logistics, and transport.
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