Qalaa’s Sphinx to launch $70 mln mid-cap P.E. fund in 2020

Sphinx Egypt, part of investment giant Qalaa Holding, plans to launch $60-70 million private equity fund to invest in medium-sized enterprises by mid-2020, a company executive said on Monday.

The anticipated fund will invest mainly in industrial, services, pharmaceuticals, and health sectors between five and seven years, Sphinx’s chairperson Marianne Ghali told Amwal Al Ghad.

“We are currently negotiating a number of local investors and organisations to promote and raise the initial capital of the fund,” Ghali said.