|
Almeida Capital is pleased to be a premier sponsor of AltAssets
|
FREE newsletter RSS
INTELLIGENCE
RECRUITMENT
KNOWLEDGE BANK
EVENTS
SECTOR ANALYSIS
HEDGE FUNDS
|
Click here for printer friendly page
Global Capital Management holds first closing on buy-out fund on $500m29/11/2007. Source: AltAssets. 
 Global Capital Management, a wholly-owned subsidiary of Kuwaiti investment company Global Investment House, has held a first closing on its Global Buyout Fund, on over $500m. The fund has a target size of $1.5bn.
Investors in the Global Buyout Fund include sovereign and pension funds and family offices from the region and around the world, according to a statement.
The fund will look to take controlling equity stakes in established private and listed companies in the Middle East and North Africa, Turkey, China, India and Pakistan.
This is one of the few funds that truly concentrate on investing in the MENA region, specifically GCC coupled with the fact that it will focus on taking a controlling stake in transactions.
With its new fund Global Capital Management expects to build a portfolio of about 20 companies. The fund has already made a first investment, in Omani steel manufacturer Al Jazzeera Steel Company, and is in the process of completing three other transactions, including a Turkish financial services company, a building material company in the MENA region and a GCC pharmacy chain.
The initial closing of the Global Buyout Fund brings the firm's private equity funds under management to over $1.5bn.
Copyright © 2007 AltAssets
|
 
|
|
|
