Gateway Partners Mulls Saudi, U.A.E. Deals for $757 Million Fund - Bloomberg

Gateway Partners Mulls Saudi, U.A.E. Deals for $757 Million Fund - Bloomberg:

"Gateway Partners Ltd., the private equity company led by former Standard Chartered Plc banker Viswanathan Shankar, plans to fully invest its first $757 million fund within the next year and is working on deals in Saudi Arabia, the United Arab Emirates and Egypt. The fund has deployed about 65 percent of capital in 10 deals in countries such as Indonesia and Nigeria, partners Iyad Malas and Anil Dua said in an interview in Dubai. Its also exited one investment and partially exited two, earning returns of about 25 percent, they said. The eight-year fund that was started in 2015 can be extended for two years and is seeking gross returns of 2.5 to three times capital, said Malas, former chief executive officer of Dubai-based family conglomerate Majid Al Futtaim Holding LLC."



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