Home Middle East

Middle East

The appointments bring significant mezzanine investment experience to the Middle East-focused fund manager.
globe
The strategy has experienced a spike in fundraising, and market players don’t think that will slow down anytime soon.
The transaction is part of the Bahrain-listed firm’s expansion and global growth plan to boost its AUM to $50bn.
Sophia Damianou, who will oversee business development for the region, joins the firm from a London-based hedge fund.
Real asset debt and corporate loans were among the favourites of insurers, outpacing real asset equity strategies, hedge funds and public securities for planned allocation increases.
The senior hire brings significant leveraged finance experience to the company’s Gulf Credit Partners arm.
LPs plan to maintain their allocations to the asset class and rank a strong GP track record as the most important factor in due diligence.
Yacine Mancer, credited with raising a substantial amount of capital from the Middle East, has departed the firm where he spent more than seven years.
The firm’s sharia-compliant financing is the third from its second mezzanine fund, which has a target return similar to the 17% achieved by the first fund.
The $157m 2009-vintage vehicle targeted mid-sized companies in the UAE, Saudi Arabia, Kuwait and Turkey.
pdi
pdi

Copyright PEI Media

Not for publication, email or dissemination