Arab Finance: The Egyptian-American Enterprise Fund (EAEF) will offer $50 million in financing to Tanmiya Capital Ventures’ (TCV) soon-to-be launched TCVII, Al Borsa News reported.
TCV is gearing up to invest up to $100 million in medium-sized enterprises after launching its second fund.
TCVII will focus on turning family businesses into institutional firms, EAEF stated.