Gulf Capital credit fund halts investments after staff departures -sources | Reuters

Gulf Capital credit fund halts investments after staff departures -sources | Reuters:

Gulf Capital is hiring investment staff after several senior departures in recent months, including two that sources close to the matter said have forced the Middle East private equity firm’s credit fund to suspend new investments.

The United Arab Emirates-based firm has emerged as one of the largest private equity players in the region with $3 billion of assets under management.

Gulf Capital has hired 15 people in the past year and a half, Chief Executive Karim El Solh said in response to Reuters’ questions on staff departures, and plans to add up to eight investment professionals in 2019.