New CEO for first all-female private equity firm

by This email address is being protected from spam bots, you need Javascript enabled to view it on Friday, 04 April 2008

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NEW ROLE: Forsa CEO Mahasti Dadressan.

Mahasti Dadressan has recently assumed the role of CEO and head strategist of all-female private equity firm Forsa LLC, the first investment initiative created ‘for women, by women' in the region and in the world.

"Forsa is an investment arm of Dubai World. We are very excited to be a part of that elite club," says Dadressan.

The support for Forsa LLC is demonstrated by government affiliated Dubai World's initiative to encourage ambitious women to participate in the economic growth of the region.

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The firm was officially launched in January of last year, aimed at generating wealth through growth opportunities exclusively for women investors in the Middle East and North Africa (MENA) region. While local private equity powerhouses like Istithmar and DIC focus on the large cap sector, Forsa caters to the mid-cap sector and seeks to invest in the health care, infrastructure and consumer services industries in the region.

"We are looking to make direct investments and building serious alliances with established private equity houses in the region," said Tasneem Mayet, head of Investments at Forsa LLC.

Dadressan joins Mayet and Mohana Rao as the head of an all-women management team. All three women have extensive experience in worldwide and regional financial markets, high academic degrees, and in Rao's case, a command of eight languages.

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