Abraaj North Africa Fund II (ANAF II) will be the second fund managed by Abraaj Group in North Africa (Morocco, Algeria, Tunisia, Egypt), after the Kantara (ANAF I) fund which Proparco subscribed to in 2008. Abraaj Group is a leader in venture capital in emerging markets, with USD 9bn of assets under management.
This operation will contribute to the development of the local economic base, in a region where equity remains a scarce resource. The fund is targeting about a dozen companies and could contribute to creating or maintaining some 200 jobs. The fund’s generalist strategy will also allow it to support key economic sectors for development in North Africa. Finally, the operation will allow the fund to improve the E&S risk management of its investment projects.
This information is given at the time of signature, without prejudice to any developments in the operation/project