Carlyle Group Raises $500M For Maiden MENA Fund

Mar 11 2009 | 12:45pm ET

Global private equity firm The Carlyle Group has completed fundraising on its first Middle East and North Africa fund, with equity commitments of $500 million.

Carlyle MENA Partners will invest primarily in healthy, growing companies in various sectors, including energy, financial services, healthcare, industrial, infrastructure, technology and transportation in the MENA region. To date, it has made one investment in July 2008, acquiring a 50% stake in a Turkish shipbuilder specializing in the construction of chemical tankers and other specialty vessels.
“The current market environment represents an opportunity for experienced investors to deploy capital at significantly more favorable valuations than existed last year,” said Walid Musallam, Carlyle managing director and head of the MENA team. “We believe we are well placed to capitalize on opportunities that offer considerable returns for our investors while minimizing downside risk.”

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...