Thursday 16 July 2015

Asset manager Griffon counts on Iran nuclear deal as it aims to raise $150m | The National

Asset manager Griffon counts on Iran nuclear deal as it aims to raise $150m | The National:



"Griffon Capital, the Iran-focused advisory and asset management firm, is banking on Iran’s new nuclear deal to spur foreign investor interest and help it raise US$150 million for listed equities and private equity funds.



Tehran-based Griffon, which was founded by Iranian expatriates with European investments, is aiming to seed and then raise cash for a $75m fund investing in Iranian equities this year, said the chief executive and founding partner Homan Harandian.



The firm is also planning to raise a $75m private equity fund. For both funds, Griffon wants to tap foreign investors, mainly in Europe, Asia and the Middle East."



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