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|| Carlyle Raises MENA and Dubai Private Equity Fund at $500 million

carlyle_dubai.jpgThree years after initiating their activities in Dubai and the Middle East, the Carlyle Group today announced it has completed raising its first Middle East and North Africa (MENA) fund, Carlyle MENA Partners, with equity commitments of $500 million.

From offices in Cairo, Dubai and Istanbul, Carlyle’s team of 12 professionals targets investments in Turkey, North Africa (Algeria, Egypt, Libya, Morocco and Tunisia), the Gulf Cooperation Council (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates), the Levant (Lebanon and Jordan) and Pakistan. They will directly compete with other Private Equity firms in Dubai and the Middle East.

You can submit your Business Proposal to their Middle East team using this form (mentioning DubaiBeat)

Here is a brief history of how they launched their activities in the Middle East:

March 09, 2009
The Carlyle Group Raises First Middle East and North Africa Fund at $500 Million

July 17, 2008
The Carlyle Group Acquires 50% Stake in Turkish Company – TVK Shipyard; First Investment by Carlyle in Turkey

February 12, 2008
The Carlyle Group Promotes 30 Professionals to Senior Positions

March 19, 2007
Firas Nasir Named Managing Director on New MENA Team

February 26, 2007
Can Deldağ Named Managing Director on New MENA Team; Former Head of M&A at Ernst & Young Will Advise on Investments in Turkey

January 28, 2007
Hassan El-Khatib Named Managing Director on New MENA Team; Industry Veteran Will Advise on Investments in Egypt and North Africa

November 27, 2006
The Carlyle Group Establishes Middle East Investment Operation; Industry Veteran Walid Musallam to Lead Team

November 19, 2006
The Carlyle Group Opens Office in Dubai; Paul Bagatelas Named Managing Director for Investor Relations

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We cover different asset class investors like private equity, venture capital, hedge funds and real estate investors from the Middle East and broader MENA region.

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