NBK Capital Partners has announced that it has successfully closed its second mezzanine fund with $160 million in capital commitments.
A team of investment professionals in Dubai, Istanbul and Kuwait will manage the NBK Capital Partners Mezzanine Fund II, a statement said.
The fund has already invested in two companies - Qimam El Hayat, a private K-12 school in Riyadh, and Perkon, a Turkish payment systems firm.
The team said it is in the process of completing the fund’s third and fourth investments, with several other investments in various stages of due diligence.
Yaser Moustafa, senior managing director at NBK Capital Partners, said: “We appreciate the support of our investors, who have identified middle market credit in the MENA region as a place where there are fantastic investment opportunities."
NBK Capital Partners is based in Dubai with presence in Bahrain, Kuwait and Turkey. The firm targets middle-market companies in the MENA region presenting significant growth potential and opportunities for value creation.
Since the launch of its first fund in 2007, NBK Capital Partners has executed 26 investments, primarily across the consumer, education and healthcare sectors and has completed 15 consecutive profitable exits.
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