Shirish Saraf's Dubai private equity firm Samena Capital launches second fund targeting $700 million

Samena Capital, an investment firm with focus on Middle East and Asia that currently manages $400 million, announced launch of its second fund with a $700 million target.

Established in 2008 with Shirish Saraf as Vice Chairman and CEO, it is focused on principal investments in the Subcontinent, Asia, Middle East and North Africa and calls it the SAMENA region. (As you know, Abraaj capital is calling a similar geographic area MENASA). According to the firm announcement, it has already received response from its anchor investors, with commitments in excess of $350 million.

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More details follows from the firm