Tuesday, 27 September 2016
Last updated 1 hour ago
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.