Gulf Capital raises $250m

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Gulf Capital has raised $250 million for its GC Credit Opportunities Fund II, according to a SEC filing. The Abu Dhabi-headquartered firm began fundraising in 2015 with a $250 million target.

Its previous fund raised $221 million in 2012.

Investors that committed to GC Credit Opportunities Fund II include the International Finance Corporation.

The fund will target mezzanine, convertible debt and preferred equity opportunities in a diverse number of sectors in the Middle East, Turkey and Africa.