INVESTMENT WATCH- Sphinx to launch USD 100-120 mn private equity fund: Sphinx Private Equity Management will officially launch a USD 100-120 mn private equity fund by the end of 2020 or the beginning of 2021, Chairman and Managing Director Marianne Ghali told Al Mal. The fund will invest primarily in medium-sized enterprises in the industrial sector, but will consider investments in the health and education sectors, with an average ticket size of USD 10-15 mn, Ghali added.

Potential limited partners include development finance institutions, among them the International Finance Corporation, the European Investment Bank, and the German Development Bank, Ghali said.

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