GCC Funding

GCC Private Equity – Still in its infancy

In the GCC, private equity is still at a nascent stage, but had witnessed significant growth between 2002 and 2008. But the onset of global financial crisis stalled growth of the industry. Fundraising had become anemic, despite the sizeable amount of dry powder accumulated over the boom years, and deals had stalled as acquisition finance became expensive and difficult to obtain.   Most PE funds in the GCC region have broad sector focus with investments ranging from healthcare to ICT,...