Fund managers in the Middle East and North Africa region are looking for good opportunities to invest in suitable private equity ventures. Though market conditions are certainly restrictive, the notion that investors have retreated from the private equity or venture capital domains is inaccurate.
"In the global private equity scene, valuations are good but investors are shy; the exiting funds are highly leveraged, and banks are not willing to lend," says Waseem Khan, director at Silk Invest, a regionally focused boutique asset management firm which currently manages two funds specialising in the Arab and African markets.
"However, there are still great opportunities in start-ups; valuations are very good, and we can invest in companies cheaply across sectors," Khan adds.
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