TLG Capital and UGFS target €39m in Tunisia for first North African fund
The Empower Fund, launched by the Tunisian Caisse des dépôts, has completed its first closing.
27/01/2023 at 16h28, by Africa Business+
“The total size of the fund should be D100 million, and we have just completed the first closing at around 50% of that amount,” Mohamed Salah Frad, managing director of United Gulf Financial Services North Africa (UGFS), told Africa Business+. “But we believe we can ultimately raise 30% more.”
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