Fund of funds

Tunisian American Enterprise Fund (TAEF)

Compiled from public sources

The Tunisian American Enterprise Fund (TAEF) is an Enterprise Fund established and funded by the U.S. Government following the Arab Spring to support Tunisia's economic transition. Authorised by the U.S. Congress in February 2012 and incorporated in 2013, TAEF is a US non-profit with a dedicated $100 million mandate to promote the development of the Tunisian private sector. As an investor, TAEF employs a four-pronged strategy: acting as a Limited Partner (LP) in dedicated investment funds, providing direct equity and mezzanine financing to SMEs (through its TASME vehicle), investing in microfinance institutions (MFIs), and backing start-ups. Its investment philosophy, branded as "Smart Capital," is explicitly focused on long-term development impact, women and youth inclusion, and investments in the less-developed interior regions of Tunisia.