Tuesday, 21 February 2017
Last updated 40 min ago
Dec 4 2006 | 2:32pm ET
Political and civil instability in the Middle East has done nothing to deter the bullish outlook of The Carlyle Group. Last month, the Washingon, D.C.-based private equity firm established a team to conduct private equity investments in the Middle East and North Africa region.
Managing director Walid Musallam, former CEO of the Abu Dhabi Investment Company, heads the MENA team, which will invest primarily in “healthy, growing companies” within the energy, financial services, healthcare, industrial, infrastructure, technology and transportation sectors, according to the firm.
Carlyle declined to specify if it has in place or is planning to launch a dedicated fund for its new endeavor.
Musallam was formerly responsible for the general management and strategy implementation of all business lines of Abu Dhabi in private equity, regional equity and debt capital markets, corporate finance and brokerage.
The Carlyle Group currently manages some $46.9 billion in assets. The group invests in buyouts, venture & growth capital, real estate and leveraged finance in Asia, Europe and North America, focusing on a wide range of industries.