IFC could invest USD 25 mn in Lorax Capital SME PE fund

INVESTMENT WATCH- IFC could put USD 25 mn into Lorax SME PE fund: The International Finance Corporation could provide USD 25 mn to the Egyptian American Enterprise Fund’s Lorax Capital Partners, which is looking to raise USD 250 mn for its new SME-focused private equity fund, according to the local press. Lorax invests in a range of sectors in Egypt, and holds stakes in Sarwa Capital, Fawry, Misr Hytech, Orchidia, and Nermien Ismail Schools.