According to the Wall Street Journal, seasoned MIddle East investor Fadi Ghandour has teamed up with the International Finance Corp. to launch a new venture fund. The target is $75 million and the closing is expected to be in April. The fund will focus on MENA tech startups. It will also be managed by Ghandour’s investment firm Wamda Capital, which will offer between $1 million and $3 million to the pool. The IFC will reportedly contribute between $10 million and $15 million to the fund.
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