Fadi Ghandour launches new MENA fund with IFC – WSJ

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.