OPIC and Abraaj Capital Sign Commitment to Regional Small and Medium Enterprise Fund (MENA)

Source: OPIC

The Overseas Private Investment Corporation (OPIC) has committed US$150 million to the Riyada Enterprise Development Growth Capital Fund (RED), managed by Aureos Capital, the global small- and mid-cap investing platform of the Abraaj Group. RED has a total capitalization of US$400 million and focuses on the development of SMEs throughout the Middle East and North Africa.