Thursday 26 April 2018

Gulf Capital plans $550m GCC equity fund

Abu Dhabi, October 7, 2013

Abu Dhabi private equity firm Gulf Capital plans to launch a $550 million fund to invest in companies across the Middle East and North Africa, its chief executive said on Monday.
Gulf Capital, which manages assets worth over $2.5 billion, will seed the GCC Equity Partner III Fund with $100 million and hopes to raise the full amount of the fund by the end of 2014, Karim El Solh said.
The company has not yet invested about 30 percent of an earlier $533 million fund and expects to close two more deals this year, he told reporters.
"We're very focused on the Gulf, mainly UAE and Saudi, and sometimes spillover to Egypt and Jordan."
Gulf Capital said in September that it had hired Rothschild to advise it on a share listing for its biggest asset, oil and gas services firm Gulf Marine Services, on an overseas stock exchange in early 2014.  - Reuters

Tags: abu dhabi | Mena | Gulf Capital |

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