Middle East private equity in tough spot - The National

The US$23.2 billion (Dh85.21bn) Middle Eastern private equity industry is struggling as fund-raising gets tougher and viable exit options diminish.

About $700 million was raised last year, compared with more than $6bn at the industry's peak in 2007, according to the Mena Private Equity Association's annual report.

Funds under management grew to about $23.2bn last year from about $8bn in 2006, the report said.

* username: rupertbu