Until the financial crisis, private equity was one of the Gulf’s trendiest industries. Is it back in fashion yet?
A report published today by the Gulf Venture Capital Association (GVCA) hints so:
Total value of funds raised decreased from $5.4 billion in 2008 to $1.1 billion in 2009 and the number of annual fund closings also decreased from seventeen to only six in each year, respectively. However, a glimmer of a rebound appeared in the first quarter of 2010, as $1 billion was raised from only six funds, suggesting investors’ appetite may be returning to the market.
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