Organizations Filed Purposes:
THE PURPOSE OF THE TUNISIAN-AMERICAN ENTERPRISE FUND (THE FUND) IS TO PROMOTE DEVELOPMENT OF THE TUNISIAN PRIVATE SECTOR THROUGH LOANS, MICROLOANS, EQUITY INVESTMENTS, INSURANCE, GUARANTEES, GRANTS, FEASIBILITY STUDIES, TECHNICAL ASSISTANCE, TRAINING FOR BUSINESSES, RECEIVING INVESTMENT CAPITAL, AND OTHER MEASURES.
SUPPORT TUNISIAN ECONOMY BY INVESTING IN SMALL AND MEDIUM SIZED ENTERPRISES.
IN 2019, THE FUND INVESTED IN THE FOLLOWING:- MICROBUSINESS: TAEF INVESTED IN AN ADDITIONAL MICROFINANCE INSTITUTION.- SMES DIRECT INVESTMENTS: - TASME, TAEF'S SME INVESTMENT SUBSIDIARY, WAS FULLY CAPITALIZED AT THE LEVEL OF $50 MILLION. TASME EXPANDED ITS INVESTMENTS (AVERAGE OF $1 MILLION IN LOAN AND EQUITY PER COMPANY) IN TUNISIA'S SMALL TO MEDIUM SIZED ENTERPRISES. - TUNISIAN AMERICAN SEARCH FUND, TAEF'S SUBSIDIARY RUN BY AN EXPERIENCED ENTREPRENEUR AND MANAGER, ACQUIRED A MANUFACTURING COMPANY POISED FOR GROWTH IN THE FIRST SEARCH FUND TRANSACTION IN TUNISIA. - FUND OF FUNDS: TAEF WAS INVESTED IN TWO PRIVATE EQUITY FUNDS TARGETTING TUNISIAN SMES. IN ADDITION, TAEF COFOUNDED A PRIVATE DEBT VEHICLE AND COMMITTED $10 MILLION. IT IS EXPECTED TO CLOSE IN MID 2020.- START-UPS: TAEF CONTINUED WITH AN ACTIVE ROLE IN FLAT 6 LABS AND ANAVA SEED FUND. THE ACCELERATOR HAS NOW WORKED WITH OVER 50 DIGITAL AND TECHNOLOGY START-UPS. ANAVA SEED FUND INVESTS IN START-UPS THROUGH THE PRE SERIES A STAGE. - MFIS: IN 2019, TAEF WAS INVESTED IN TWO MICROFINANCE INSTITUTIONS. THESE INVESTMENTS SUPPORT TUNISIA'S WORKING MICRO-ENTREPRENEURS THROUGHOUT THE COUNTRY. TAEF IS AN ACTIVE INVESTOR PROVIDING DEBT, EQUITY, TECHNICAL ASSISTANCE AND PARTICIPATING IN MFI'S GOVERNANCE THROUGH TAEF APPOINTED BOARD MEMBERS. OUR NEW INVESTMENT IN ENDA, TUNISIA'S LONGEST AND LARGEST OPERATING MFI, PROVIDED NEEDED CAPITAL FOR THEIR OPERATIONS AND DEVELOPMENT OF THEIR PORTFOLIO. - THE TUNISIAN AMERICAN SME COMPANY (TASME) IS A 100% TAEF FUNDED SME INVESTMENT PLATFORM. TASME'S APPROACH ADAPTS AN INNOVATIVE MEZZANINE FINANCING MECHANISM SPECIFICALLY DESIGNED TO MEET THE NEEDS OF TRADITIONAL FAMILY OWNED SMES WITH AN AVERAGE INVESTMENT TICKET OF $1 MILLION. TASME INVESTS:- IN SUSTAINABLE AND GROWING SMES- IN A VARIETY OF INDUSTRIAL AND SERVICE SECTORS- THROUGHOUT THE COUNTRY- WITH AN INTEREST IN COMPANIES THAT ARE LED BY AND CREATE EMPLOYMENT FOR WOMEN AND YOUTH- AN INVESTMENT TICKET OF UP TO TND 5 MILLION (EXCEPTIONS POSSIBLE UP TO TND 7 MILLION)- TASF: ONE OF TAEF'S KEY STRATEGIES IS TO IDENTIFY FINANCING INNOVATIONS TO MEET EXISTING NEEDS AMONG TUNISIA'S SME ENTREPRENEURS. THE SEARCH FUND MODEL IS ONE SUCH INNOVATION THAT SUPPORTS ENTREPRENEURSHIP THROUGH ACQUISITION. TASF, THE TUNISIAN AMERICAN SEARCH FUND, HAS BEEN A PIONEER AS THE FIRST SEARCH FUND IN TUNISIA. IT SUPPORTS EXPERIENCED AND DYNAMIC ENTREPRENEURS AS THEY SEARCH FOR, ACQUIRE, MANAGE AND GROW COMPANIES THAT HAVE REAL GROWTH POTENTIAL AND THAT HAVE OWNERS LOOKING TO EXIT.IN 2019, AFTER TWO YEARS OF INTENSIVE SEARCH, TASF'S FIRST SEARCH ENTREPRENEUR CLOSED ON AN ACQUISITION OF A MANUFACTURING COMPANY LOCATED IN ZAGHOUAN. THE ACQUISITION COMBINED A TAEF EQUITY INVESTMENT AND A LEVERAGE BUY-OUT. SINCE THE ACQUISITION IN Q2, THE NEW MANAGEMENT HAS PROVEN ITS VALUE BY CONDUCTING CHANGE MANAGEMENT AND DEVELOPING THE COMPANY. THE WORKFORCE IS EXPANDING. - PRIVATE EQUITY: TAEF'S INVESTMENTS IN PRIVATE EQUITY FUNDS REFLECT THE KEY INVESTMENT STRATEGIES OF SEEKING PARTNERSHIPS AND OF LEVERAGING OUR FUNDING. IN 2019, WE CONTINUED AS PARTNERS INVESTING ALONGSIDE OTHER TUNISIAN FINANCIAL INSTITUTIONS IN TWO TUNISIAN INVESTMENT FUNDS FOCUSED ON THE SME SECTOR. BOTH INVESTMENTS ARE CONSISTENT WITH OUR SOCIAL DEVELOPMENT AND IMPACT GOALS.ALSO IN 2019, TAEF CO-FOUNDED A PRIVATE DEBT VEHICLE. APPROVED BY TAEF'S BOARD IN 2019 WITH AN INITIAL COMMITMENT, THE COMPANY LINED UP ADDITIONAL FUNDING FOR A FIRST CLOSE, WHICH IS EXPECTED TO BE FINAL IN MID-2020. - START-UPS: 2019 WAS A YEAR OF GROWTH FOR FLAT6LABS AND ANAVA SEED FUND. CYCLES 3 AND 4 (WITH 7 AND 8 START-UPS RESPECTIVELY) COMPLETED THE ACCELERATOR PROGRAM AND PRESENTED THEIR COMPANIES' GROWTH PLANS TO POTENTIAL INVESTORS AT DEMO DAYS. ALTHOUGH MOST OF THESE START-UPS ARE IN THE DIGITAL INNOVATION SPACE, THEY WORK IN A WIDE VARIETY OF SECTORS INCLUDING: EDUCATION, FINANCIAL TECHNOLOGY, LOGISTICS, FASHION, AUTOMOBILE SALES AND TRAVEL. ANAVA SEED FUND, THE INVESTMENT FUND AFFILIATED WITH FLAT6LABS, INVESTS IN START-UPS ALONG OUTSIDE INVESTORS FROM SEED TO PRE-SERIES A. SEE THE WEBSITE: TAEFUND.ORG FOR MORE DETAIL AND THE ANNUAL REPORT.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Hela Kaddour Fourati | COO - MANAGING DIRECTOR | 45 | $339,841 |
| Louise Stoner Crawford | SECRETARY - MANAGING DIRECTOR | 20 | $140,960 |
| Ann Wyman | BOARD MEMBER | 1 | $0 |
| Mehdi Sethom | BOARD MEMBER - UNTIL 10/2019 | 1 | $0 |
| Howard Newman | BOARD MEMBER | 1 | $0 |
| Lauren Hendricks | BOARD MEMBER | 1 | $0 |
| Gil Crawford | BOARD MEMBER | 1 | $0 |
| Ahmed Benghazi | BOARD MEMBER | 1 | $0 |
| Ferid Abbas | BOARD MEMBER | 1 | $0 |
| Mohamed Malouche | TREASURER | 2 | $0 |
| W Bowman Cutter | CHAIR OF BOARD | 15 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202003179349303940_public.xml