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Monday, 19 June 2017

Mena private equity industry faces fund-raising challenges | GulfNews.com

Mena private equity industry faces fund-raising challenges | GulfNews.com:

"Fund raising remained challenging for the private equity and venture capital business in the region in 2016 and the conditions are likely to remain the same in 2017, according to Mena Private Equity and Venture Capital Annual Report. Conditions remain challenging due to economic headwinds and geopolitical factors. While seven funds were raised in 2016, the number of closes declined to nine and funds raised were at a low of $582 million. The largest Mena focused fund raised was the Gulf Capital’s $250 million (Dh017.9 million) Gulf Credit Opportunities Fund II, a mid-market focused debt fund. Other major funds raised included the $110-million NBK Mezzanine Fund. "



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