The Tunisian American Enterprise Fund (TAEF) is setting up operations in Tunisia
With $40M in initial funding available and a potential to expand to $100M subject to Congressional approval, TAEF is seeking opportunities to invest in the Tunisian private sector with the intent to create positive financial and socio-economic returns. In particular the fund’s objectives are to:
1- Generate employment (focus on sustainable, high quality jobs)
2- Promote regional equity
3- Encourage women entrepreneurs
4- Promote high standards of private sector governance
5- Yield financial returns
TAEF’s target group will be small and medium enterprise. The fund will invest in a small number of intermediary vehicles called “platforms” which will be for-profit companies focusing narrowly on investment within specific sectors of the Tunisian economy. A platform could be an existing entrepreneurship program, an incubating mechanism, a newly created joint venture, a financial institution (including microfinance)…
Specifically, the fund will
1- Evaluate and/or create these platforms
2- Identify and mentor platform management
3- Engage in governance of platforms
4- Raise additional financing for platforms
Initial areas of focus will be:
1- Finance—industry or intermediaries
2- Technology—value-added ICT
3- Agriculture—value-added agribusiness
4- Health
5- Education
The fund is seeking to build the right partnerships in these key sectors with the objective of making sustainable (rather then point) investments, and contributing to creating the ecosystem/value chain necessary for these sectors to strive.
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Mohamed Malouche