The premier search fund investment firm, Moonbase Capital, today announced the opening of its second investment vehicle, which will support bright entrepreneurs in their global acquisition and expansion of small to medium-sized businesses.
Tamer El Bahay and Tarek El Gammal, who have joined Moonbase Capital’s expanded leadership team, will lead the new $15 million investment vehicle. Each brings decades of operations, finance, and investment experience from a variety of industries.
Ibrahim Abdel Rahim, Founding Partner of Moonbase Capital, stated, “We’re excited to launch our second vehicle, targeting larger investments and supporting bigger deals than our first. With an expanded team and increased capital, we’re well-positioned to back the next generation of global search fund talent.”
Tamer El Bahay added, “Search funds represent an exciting asset class that enables talented operators to become entrepreneurs through acquisition. We’re eager to leverage our experience and networks to support searchers in identifying, acquiring, and boosting already successful businesses to the next level.”
Tarek El Gammal added, “The appeal of search fund investing lies in its blend of venture capital’s high returns with private equity’s lower risk profile. With 60% of our investments in Europe and 40% in high-growth developing economies, our new vehicle is poised to deliver strong portfolio diversification and attractive returns.”
This new vehicle broadens Moonbase Capital’s reach while building on its successful track record of investing in search funds globally since 2020. Although 35 searchers were supported by the first $10 million investment vehicle, which was mainly focused on Europe with some international investments, the second vehicle will serve a wider global market that includes Latin America, Southeast Asia, and the Middle East. Over a period of three to four years, Moonbase Capital intends to invest in approximately fifteen SMEs.
The new vehicle’s first close is anticipated to occur in Q1 2025, and the majority of the capital for the fundraising will come from family offices and wealthy individuals in the Gulf, Europe, and Egypt.
