Ezdehar Mid-Cap Fund II

Equity : December 2021

The SDG Frontier Fund has invested USD 1.7 M in the Ezdehar Mid-Cap Fund II, a Private Equity Fund focused on Egypt.

This is an investment by SDG Frontier Fund

Amount

€ 1,700,000.00

Type of investment

Equity

Development impacts

  • Local economic growth
  • Private sector consolidation/innovation
  • Promotion of ESG best practices

Beneficiary locations

Middle East & North Africa: Egypt

Investment field

Investment Companies & Funds

Activity

KK.64.300 SME Fund

Organisation

Ezdehar Mid-Cap Fund II

Domicile

Netherlands

More investments in

Ezdehar Mid-Cap Fund II

  • Equity € 8,844,000.00 (2021)

Other investments by

SDG Frontier Fund

Ezdehar Mid-Cap Fund II is Ezdehar’s second fund and BIO’s first investment in a fund in Egypt. Like its predecessor fund, it will target SMEs and family businesses, which remain largely overlooked by the broader investing community.

The team will take a steering role in driving all-around institutionalisation at portfolio companies, with a particular attention to governance. This is expected to foster growth and generate a strong developmental impact.

Development impacts

  • Local economic growth

    The fund will provide long-term equity financing to SMEs which constitute roughly 90% of Egypt’s businesses but face difficulties to tap growth financing. This is expected to: contribute to the emergence of regional leaders for sustainable economic development, enhance Egyptian SMEs’ limited ability to export and help create jobs.

  • Private sector consolidation/innovation

    The investment will help support a burgeoning PE industry, that has been severely impacted by a succession of crises.

    Ezdehar's thesis is built around institutionalization, which should be the primary driver for returns. As such, the Manager lays a strong focus on improving the technical capacity, management teams and governance of portfolio companies.

  • Promotion of ESG best practices

    Ezdehar has identified E&S as a core focus area, aiming to mature its own internal processes and capabilities. The growing institutionalization of those ESG practices will be instrumental to champion and demonstrate best practices.

    Setting up good E&S and governance practices is a necessary part of Ezdehar's institutionalization thesis. The Manager typically invests in companies with largely informal processes but exits well-governed institutions with good E&S practices.

    The Manager has so far had a particular focus on improving jobs quality, in a country where the lack of regulation continues to impact working conditions in the private and informal sectors.

Read impact and news about this project

SDG Frontier Fund Final Closing

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SDG Frontier Fund Final Closing

29-04-2022

First-of-its-kind Belgian impact fund mobilises additional private resources to support African and Asian SMEs in their growth.

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Greener money

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31-08-2021

Money is getting greener. The superlative in sustainable investing today is "impact investing". A growing global market that is already worth more than $700 billion.

Article originally appeared in MT Magazine in Dutch.

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Repousser les frontières des investissements durables

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Repousser les frontières des investissements durables

15-12-2020

An interview with Luuk Zonneveld, An-Heleen De Greef & Eric Van Den Bossche on the SDG Frontier Fund, published in Eventail on the 10th of December, written by Cédric Boitte. This article was published in French.

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02-07-2020

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