Abu Dhabi's Gulf Capital to launch $550m equity fund

  • Share via facebook
  • Tweet this
  • Bookmark and Share

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.

Related:
Companies
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

All comments are subject to approval before appearing

Further reading

Features & Analysis
Saudi riyal peg pressure eases, but not gone

Saudi riyal peg pressure eases, but not gone

Volatile energy swings mean the currency remains vulnerable,...

The Gulf's sovereign dilemma

The Gulf's sovereign dilemma

With oil prices still faltering around their lowest level in...

Gulf's bond market thaws as panic over oil fades

Gulf's bond market thaws as panic over oil fades

Improved sentiment seen in the response to a $500m, five-year...

Most Popular
Most Discussed
sponsoredTracking