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Fund Managers Located in the MENA Region

by Laura Duce

  • 04 Jan 2012
  • PE

Preqin’s Fund Managers data shows that there are currently 105 private equity firms headquartered in the MENA region. Over 38% of the total are based in the United Arab Emirates. Collectively, these firms have raised approximately USD 21.2 billion over the past 10 years, and there is an estimated dry powder of nearly USD 4.7 billion available to these firms for investment.

Of these 105 MENA-based private equity firms, the top five fund managers by total capital raised over the past 10 years are Global Investment House, Abraaj Capital, Citadel Capital, Swicorp, and EFG-Hermes Private Equity. These five firms alone account for approximately 50% of total capital raised over the period by these 105 fund managers. Collectively, the five firms have roughly USD 1.8 billion estimated dry powder available to them to invest, and all have a diversified industry focus and target opportunities throughout the MENA region, as well as other specific geographical regions.

Global Investment House is based in Safat, Kuwait, and raises balanced and buyout vehicles in the MENA region, with a particular focus on the GCC area. The firm has raised approximately USD 2.9 billion over the past 10 years, and has an estimated dry powder of USD 274 million available for investment. Global Investment House has a diversified industry focus, and has invested in education and training, healthcare, financial services, logistics, and shipping industries.

Abraaj Capital is headquartered in Dubai, and has raised more than USD 2.8 billion over the past 10 years. The firm also has offices located in Asia and a variety of other MENA countries. It focuses on buyout, growth, balanced, and special situation vehicles, in a variety of industry sectors. Abraaj Capital has the largest estimated dry powder of all 105 firms, with approximately USD 947 million available for investment.

Citadel Capital is a Cairo, Egypt-based private equity firm, and also has an additional office located in Algeria. The firm makes buyout, growth and hybrid investments in the Middle East and Africa, with no specific industry focus. It has raised nearly USD 2.4 billion over the past 10 years, and has an estimated dry powder of USD 320 million.

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