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Tuesday, 25 April 2017

Gulf Royal-Backed Samena to Raise $700 Million for Asia - Bloomberg

Gulf Royal-Backed Samena to Raise $700 Million for Asia - Bloomberg:

"Samena Capital, an investment firm managing about $650 million, plans to raise as much as $700 million for a special situations fund to invest in the Indian subcontinent and Asia. Samena, which focuses on emerging markets with offices in London, Dubai and Hong Kong, plans to close its third private equity fund in the next 12 to 18 months, Founder and Vice Chairman Shirish Saraf said in an interview in Dubai on Thursday. The company is working on five deals, targeting investments in India, Myanmar, Indonesia, Vietnam, Sri Lanka and China, he said. “We focus on countries with young populations, stable political structures and who will benefit from lower oil prices and lower interest rates,” he said. “The Middle East still has some challenges ahead due to lower oil prices.”"

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