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Top Five MENA-Based Private Equity Fund Managers - October 2012

by Louise Maddy

  • 10 Oct 2012
  • PE

Preqin currently tracks 111 private equity firms based in the MENA region. The most common base in the region is the United Arab Emirates, with 42 fund managers located there. Bahrain is home to 13 fund managers, followed by Egypt with 11 fund managers based in the country.

The top five fund managers by aggregate capital raised in the last 10 years are Abraaj Capital, Global Investment House, Citadel Capital, Swicorp, and EFG-Hermes Private Equity.

Abraaj Capital predominantly makes growth and buyout investments in the Middle East, North Africa and South Asia (MENASA) across a broad range of industries. The firm, established in 2002, has raised $3.3bn in aggregate capital commitments since its inception. Abraaj Capital has an estimated $1.3bn in available dry powder and is currently raising three funds: the Palestine Growth Capital Fund, Egypt Industrial SME Growth Fund, and Riyada Enterprise Development Growth Fund, which are collectively targeting $550mn.

Global Investment House is a Kuwait-based investment company licensed by the Central Bank of Kuwait. The firm has raised nearly $2.9bn in aggregate capital commitments in the last 10 years and focuses on investment opportunities predominantly in the MENA region, with a particular focus on GCC member countries. It raises both balanced and buyout vehicles and has roughly $200mn available in dry powder. Global Investment House has a diversified industry focus, but does consider several particular industries, including healthcare, shipping and financial services.

Citadel Capital is a Cairo-based private equity firm established in 2004. The firm invests in a wide range of transaction types, including distressed investments, industry roll-ups, growth capital investments, and leveraged investments. The firm focuses on investments in North and East Africa, frontier MENA countries, Kenya, and Uganda. Since its inception, Citadel Capital has raised an aggregate $2.4bn and currently has an estimated $263mn available in dry powder.

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