The Lebanese Venture Capital and Private Equity Association launched
By Wamda Staff Writer / Wamda - Image Credit: Wamda
The Lebanese Venture Capital and Private Equity Association (LVCPEA) was officially launched bringing together a number of major players active in fund management in Lebanon, with the aim to exchange ideas, develop policies proposals and act as an advocacy group for the sector.
The 11 founders and members of the administrative body of the Lebanese Venture Capital and Private Equity Association are: Maroun N. Chammas (chairman of Berytech Fund II, Azure Fund SAL (Holding), Berytech Fund Management SAL (Holding), Broadgate Y Venture Partners (Holding) SAL, Cedar Mundi (Holding) SAL, Flat6Labs Beirut SAL (Holding), Insure & Match Capital (Holding) SAL, Leap Management SAL (Holding), MEVP Lebanon SAL (Holding), Phoenician Funds Holding SAL (Holding), and Bassel Aoun (head of iSME Program).
The administrative body consists of Maroun Chammas as president, Henri Asseily (managing partner - Leap Ventures) as vice president, Hala Rouphael (legal counsel - Middle East Venture Partners) as secretary general and government representative, and Bassel Aoun as treasurer.
With the establishment of the LVCPEA, Lebanon now joins countries all over the world with similar associations, and will build on those networking opportunities.
“With funds under management in excess of $360 million, the members of this association aim to play a pivotal role in the reshaping of the Lebanese economy both individually and as a group,” said Chammas.