Private equity in Gulf to keep up pace

Many private equity managers raised money last year. Abu Dhabi-based Gulf Capital raised its third and biggest private equity fund that closed at US$750 million, bringing the firm’s total assets under management to more than $3.3 billion across its four business units: private equity; credit and mezzanine; property development; and principal investments.

NBK Capital, the investment banking arm of Kuwait’s biggest lender National Bank of Kuwait, last year closed a fund with $310m in capital. The Dubai-based private equity firm Abraaj Capital, which manages $9bn across regional, sector and country-specific funds, has raised about $1.3bn for two Africa funds, one for Sub-Saharan Africa and another for North Africa.
http://www.thenational.ae/business/economy/private-equity-in-gulf-to-keep-up-pace