Abu Dhabi-based Gulf Capital is seeking to roll out a $250-300 million credit fund later in 2011, Khaleej Times reports. The fund will offer liquidity and growth capital for regional companies and acquisition finance for private equity firms in the Middle East and North Africa and Turkey.
The fund, which has a 10 year maturity period and a five-year investment period, will target investors, such as sovereign wealth funds, insurance companies, pension funds and large family-owned businesses. Gulf Capital will anchor the vehicle with a capital commitment of $75 million.
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