EBRD supports private equity sector in Morocco and Tunisia

 MPEF III, which has a target size of €200 million, will focus primarily on providing equity, quasi-equity and equity-linked debt financing to SMEs. Typically, these will be well-established, family-owned companies with the potential to scale-up their activities at the regional or international level and achieve long-term capital growth. At first closing in September 2011, €96 million was committed to MPEF III.

The fund is the third Maghreb-focused fund managed by AfricInvest-TunInvest, one of the most established local private equity players in the region. EBRD announced the opening of an office in Morocco which is an EBRD shareholder.