Fund vehicle
RMBV North Africa Fund III
RMBV North Africa Fund III, C.V. is a closed-end private equity fund managed by RMBV, an independent investment firm led by former executives of the Abraaj Group. The fund is structured to provide growth capital and managerial value-added support to mid-cap companies primarily located in Egypt, Morocco, and Tunisia. Its investment strategy focuses on high-impact, strategic sectors aligned with regional consumer demand and demographic trends, including healthcare, education, financial services, and consumer goods and services. The fund aims to accelerate the institutionalisation of its portfolio companies, enhance their competitiveness, and integrate them into regional and European value chains while maintaining a strong commitment to gender equality and environmental, social, and governance (ESG) standards.
- Manager
- Riyada Managers B.V. (RMBV)
- Vintage
- 2025
- Strategy
- Private Equity
- Target size
- $300m
- Size
- $186m
- Status
- Active
Disclosed limited partners
- AfricaGrow Gmbh & co. geschlossene KG
- Arab Fund
- Avanz Capital Group
- Cassa Depositi e Prestiti (CDP Group)
- DEG (Deutsche Investitions- und Entwicklungsgesellschaft mbH)
- European Bank for Reconstruction and Development (EBRD)
- European Investment Bank (EIB)
- Proparco
- South Suez Capital Limited
- The African Development Bank Group (AfDB)
Sources
- Partner Researchers, accessed 14 November 2026