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equity firm seeks diaspora in AfricaEuroMena Funds, a Beirut-based private-equity firm that has raised $350 million since 2006, plans to double assets as it seeks investments in Lebanese-owned companies operating abroad while also backing smaller businesses in its home regions. The firm also plans a $100 million private-equity fund that will invest a maximum $10 million per company in enterprises based in the Levant that generate as much as $50 million in annual revenue, he said.EuroMena is widening its geographical footprint to tap into a Lebanese diaspora that's at least three times larger than the population in Lebanon.
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