NBK Capital Partners aims to boost assets to $2bn by 2025 | The National

NBK Capital Partners aims to boost assets to $2bn by 2025 | The National

NBK Capital Partners, a subsidiary of Kuwait’s biggest lender, aims to boost its assets under management to $2 billion by 2025 as it looks to launch a new technology-focused investment platform, its senior managing director said.

More investment deals and boosting investments in its existing portfolio of healthcare, pharmaceutical and e-commerce companies, will help nearly double AUMs over the next five years from the current $1.2bn, Yaser Moustafa, told The National in an interview.

"What we’re really excited about is that we think 2021 and 2022 will be [a] really exciting time to be investing capital in the region," Mr Moustafa said. "Private equity and private credit – both of these asset classes will be really of interest for those who know what they are doing and [how to] raise capital."

NBK Capital Partners, an alternative asset manager, runs closed-ended third party investment vehicles that invest in private equity, private capital and real estate.

The company plans to launch its new technology platform within the next 12 to 24 months, "or possibly earlier", Mr Moustafa said.