MENA focused private equity fundraising has been on a decreasing trend since 2007 when the region raised its all time highest number of funds. That year 14 private equity funds focusing on MENA raised $4.8 billion. The global financial crisis and the subsequent economic slowdown took its toll on the region’s private equity fundraising prospects given that in 2008 only 11 funds closed, raising a total of $2.3 billion, and so far in 2009 only two funds were raised, raising a total of $750 million.
Notable MENA focused private equity funds raised since 2007 include Horus III, a buyout fund raised by Egypt-based EFG-Hermes Private Equity, and Global Opportunistic Fund II, a balanced investment vehicle raised by Kuwait-based Global Investment House.
There are now 32 private equity funds focusing on MENA that are currently in market, targeting to raise is $16.4 billion.
For more information on private equity fundraising, please see Preqin’s Funds in Market online module.