NEW YORK, May 12, 2023--(BUSINESS WIRE)--Tri Ri Asset Management ("TRAM") today announced the launch of their flagship venture capital fund, the TRAM Venture Fund ("TRAM VF"), with a target size of USD 125 million. Tri Ri Asset Impact Fund, with a commitment of USD 50 million, serves as the fund's anchor. TRAM VF will meet the needs of local startups and help them to become regional and global competitors. Adeel Hussain, General Partner of TRAM VF stated: "Following the successful launch of our PE Impact fund last year, we are pleased to announce the launch of our Flagship VC Fund TRAM VF and its initial closure of $92 million. About Tri Ri Asset Management:Tri Ri Asset Management, is a concentrated, research-intensive, fundamental value investor in the public markets.

Source: The North Africa Journal May 13, 2023 11:45 UTC