CI Capital Holding (CICH.CA), the leading diversified financial services group and Compass Capital for Financial Investments S.A.E., Egypt’s leading alternative investment manager, announced today the launch of Egypt’s first onshore private equity fund, C3 Capital Fund 1, with a target size of EGP 3bn at final close, dedicated to investing in EGX-listed equities with an active shareholder participation approach.
C3 Capital Fund 1 adopts a Private Investments in Public Equities (PIPE) strategy, managed by C3 for Fund Management, an independent joint venture between CI Capital and Compass Capital, leveraging the combined strengths and synergies of two strategic partners to implement a disciplined investment approach.
“The partnership between CI Capital and Compass Capital brings together two industry leaders with distinct yet complementary capabilities. Compass Capital’s expertise in value investing across sectors, combined with CI Capital’s leadership in investment management and financial services, creates a powerful synergy,” stated Investment Executive Director at CI Capital Mahmoud Khalifa.
“C3’s novel approach demonstrates our continued innovation in providing tailored financial and investment solutions. We take pride in having assembled an elite group of investors from Egypt and the region, that include leading banks and other financial institutions, as well as high net worth individuals, who have placed their trust in this exciting fund” added Khalifa.
On his part, Ahmed Hussin, CEO and Fund Manager of C3 for Fund Management, stated: “The launch of C3 Capital comes at an opportune time, as the Egyptian capital markets exhibit a clear disconnect between operational performance and market valuations, with the public market trading at an unnatural discount to the private market. C3 Capital is strategically positioned to capitalize on these market discrepancies, aiming to unlock the hidden value by applying a private equity investment strategy to publicly listed entities. This involves targeting fundamentally strong companies and generating value through strategic insight, operational support, and financial guidance.”
C3 Capital’s first closing was successfully completed following the FRA’s approval on Sunday, March 2nd, 2025, with commitments reaching EGP 1.8bn from leading institutional investors, in addition to family offices and high-net-worth individuals, with a final close targeting EGP 3bn.
CI Investment Banking (CIIB) acted as an advisor for the transaction. It is also worth noting that Zaki Hashem & Partners served as the legal advisors for C3, while Zulficar & Partners represented the institutional investors as their legal advisors.
