Egyptian P.E. Citadel To Raise $500M Fund

Jun 3 2008 | 2:00am ET

An Egyptian private equity shop is planning a US$500 million fund for Middle Eastern investments.

Citadel Capital, unrelated to the similarly-named Chicago alternative investments giant, specializes in buyout, turnaround and financial engineering investments in the Middle East and North Africa. The US$7 billion Cairo-based firm’s Citadel Capital Joint Investment Fund will invest in new projects, the Egyptian newspaper Al-Mal reports.

The new fund, backed by Citigroup as placement agent, is targeting institutional investors, both in Egypt and abroad.


In Depth

Q&A: Old Hill's Stone On Private Debt, P2P And Credit Bubbles

Jun 6 2017 | 7:52pm ET

While institutional capital continues to flow into the broader private debt sector...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

AIMA: How The U.K.'s SMCR Will Affect U.S. Firms

Jun 20 2017 | 6:29pm ET

U.S. investment managers need to think seriously about how tough new U.K. conduct...

 

From the current issue of