Global Capital Management (GCM) is seeking to roll out a $350 million fund to target buyout opportunities in Turkey, Reuters reports. The fund will be one of two which the firm is seeking to unveil in the near future, with a second Gulf Cooperation Council–focused vehicle planned for early next year.

The funds will invest in consumer-centric sectors, such as financial services, logistics, retail, healthcare and manufacturing. The alternative investment arm of Kuwaiti financial group Global Investment House manages private equity, real estate and hedge funds in the Middle East and North Africa region.

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