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Category: Middle East

Gulf Capital, Shorooq Partners back HealthTech company SANTECHTURE

Gulf Capital, a private equity firm aimed at the GCC and Southeast Asia, has teamed up with venture capital firm Shorooq Partners to invest into HealthTech startup SANTECHTURE. The post Gulf Capital, Shorooq Partners back

eWTP Arabia Capital seeks $1bn for new tech-focused fund

eWTP Arabia Capital, a venture capital fund backed by Saudi Arabia’s Public Investment Fund and China’s Alibaba Group, is allegedly near to raising $1bn for its new fund. The post eWTP Arabia Capital seeks $1bn

Dubai regulator upholds $135m fine for Abraaj founder Arif Naqvi for “serious failings” at collapsed firm

Dubai's financial regulator has upheld a $135.6m fine against former Abraaj Group founder and CEO Arif Naqvi for his "serious failings” in respect of the collapsed investment house. The post Dubai regulator upholds $135m fine

Wafra hits $1.5bn to close new fund targeting stakes in private equity, alternatives firms

Wafra, the investment house backed by Kuwait’s public pension fund, has hit a $1.5bn final close for its latest fund targeting stakes in private equity firms and other alternatives investors. The post Wafra hits $1.5bn

Abu Dhabi’s Chimera Capital launches $2bn credit fund with Alpha Wave Global

Abu Dhabi investment house Chimera Capital has teamed with $20bn fund manager Alpha Wave Global to launch a $2bn credit fund. The post Abu Dhabi’s Chimera Capital launches $2bn credit fund with Alpha Wave Global

Wafra eyes $1.5bn for new fund targeting stakes in private equity, alternatives firms

Wafra, the investment house backed by Kuwait's public pension fund, has launched a new $1.5bn fund targeting stakes in private equity firms and other alternatives investors. The post Wafra eyes $1.5bn for new fund targeting

Gulf Capital scores 2.5x return in Chef Middle East trade sale

Gulf Capital has sealed its second successful exit in two weeks with the $100m sale of Chef Middle East to Nasdaq-listed The Chef's Warehouse. The post Gulf Capital scores 2.5x return in Chef Middle East

Female-led investor Aliph Capital bags $125m investment to maiden fund – report

Aliph Capital, a female-led Gulf Cooperation Council-centric fund, has reportedly received a $125m investment for its debut fund. The post Female-led investor Aliph Capital bags $125m investment to maiden fund – report first appeared on

Silver Lake-backed AI firm G42 launches $10bn late-stage tech investment fund

UAE-based AI and cloud computing company G42 has launched a $10bn private equity fund in partnership with the state-backed Abu Dhabi Growth Fund. The post Silver Lake-backed AI firm G42 launches $10bn late-stage tech investment

Saudi Arabia, Oman-focused Rakiza gets $300m backing from Public Investment Fund

Public Investment Fund has committed $300m to Rakiza, an infrastructure fund co-managed by Oman Infrastructure Investment Management and Equitix. The post Saudi Arabia, Oman-focused Rakiza gets $300m backing from Public Investment Fund first appeared on

GPs believe consumer discretionary sector has highest potential for PE deals, support for IT drops 10%

The consumer discretionary sector has become the most favoured sector in private equity investing while IT has lost its grip among managers, new research shows. The post GPs believe consumer discretionary sector has highest potential

HIG hires Oliver Slade from Partners Group to oversee IR in Middle East

HIG Capital has hired Oliver Slade from Partners Group as managing director to oversee capital raising and investor relations activities in the Middle East. The post HIG hires Oliver Slade from Partners Group to oversee

Kushner’s and Mnuchin’s Quick Pivots to Business With the Gulf

Weeks before the Trump administration ended, Jared Kushner and Steven Mnuchin met with future investors on official trips to the Middle East.

Israel’s Hetz Ventures hits oversubscribed Fund III close to target seed, pre-seed deals

Israeli seed-stage investor Hetz Ventures has hit a $123m final close for its third fund, bringing its assets under management to nearly $300m. The post Israel’s Hetz Ventures hits oversubscribed Fund III close to target

Cerberus brings in fundraising veteran Sfeir to lead Middle East real estate capital formation

Alternative investment major Cerberus Capital Management has brought in veteran fundraising specialist Rabih Sfeir as its head of real estate formation for the Middle East. The post Cerberus brings in fundraising veteran Sfeir to lead

Apollo seals one of Abu Dhabi’s biggest private sector investments with $1.4bn Aldar deal

Apollo Global has made one of the biggest-ever foreign direct investments into Abu Dhabi’s private sector by committing $1.4bn of capital to Aldar Properties. The post Apollo seals one of Abu Dhabi’s biggest private sector

Ex-head of collapsed PE house Abraaj, Arif Naqvi, fined almost $136m by Dubai regulator

Arif Naqvi, the former head of collapsed private equity house Abraaj, has been hit with a $136m fine by the Dubai financial regulator over his "serious failings" at the firm. The post Ex-head of collapsed

Pemberton opens new Dubai office, hires Ghamgui from BlackRock as MD and head of Middle East and Africa

European private credit manager Pemberton has hired BlackRock senior exec Anis Ghamgui to lead the newly opened Dubai office. The post Pemberton opens new Dubai office, hires Ghamgui from BlackRock as MD and head of

Gulf Capital hires Shantanu Mukerji from L Catterton to head its newly opened Singapore office

Middle-East focused buyout house Gulf Capital has hired Shantanu Mukerji from L Catterton as its first on-the-ground managing director to head its newly opened office in Singapore. The post Gulf Capital hires Shantanu Mukerji from

BUPA Arabia backs new Global Ventures fundraise to boost Middle East healthcare investing

UAE-based venture capital house Global Ventures has picked up a new investment from regional health insurance major BUPA Arabia. The post BUPA Arabia backs new Global Ventures fundraise to boost Middle East healthcare investing first

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