TAEF is a key investor and co-founder of three investment funds. When created, each of these funds offered a new financing option to Tunisia’s growing SMEs.

Equity and Quasi-Equity Financing

  • Tuninvest Croissance
  • INMA Holding for investments exceeding 5 million TND

Private Debt Financing

  • INMA Finance for investments exceeding 5 million TND

Equity and Quasi Equity Financing

TAEF’s investments in two private equity funds provide financing tailored to growing SMEs raising equity or quasi equity financing.

TunInvest Croissance

Company Name: TunInvest Croissance
Sector: SME Financing
Website: www.africinvest.com

TAEF has invested in TunInvest Croissance, managed by AfricInvest, a pan-African investment group. TunInvest Croissance is fully invested in ten SMEs operating in diverse, high-value sectors such as education, microfinance, waste treatment, and IT. The fund has entered its liquidation period, which extends until 2025.

INMA Holding

Company Name: INMA Holding
Sector: SME Financing
Website: www.inma-holding.com

TAEF co-founded INMA Holding, an investment company dedicated to SMEs, operating with equity and quasi-equity funding at higher investment levels than TunInvest Croissance. INMA Holding exemplifies a partnership between TAEF and local financial institutions and economic operators, optimizing investments through leverage and thereby enhancing the impact on Tunisian SMEs. The fund supports business growth across various sectors, including education and agribusiness.

Private Debt Financing

INMA Finance

Company Name: INMA Finance
Sector: SME Financing
Website: inma-finance.com

TAEF co-founded INMA Finance to address SMEs’ needs for loan and debt financing. Launched in 2020 and operational since 2021, INMA Finance is the first private debt fund in Tunisia, offering alternative financing options to those provided by local banks, along with flexible and tailored solutions in terms of loan periods, underlying assets, and financing instruments.