New $150m Private Equity Fund Launched in Gulf by TNI UAE & Kamco

The National Investor’s (TNI) private equity arm and Kipco Asset Management Co (Kamco) plan to set up a $150 million private equity fund- according to Reuters.

The fund is expected to be launched within three months and will make six to seven investments with an average equity of $25 million each in mid-sized, family-owned companies. TNI and Kamco will each contribute $15 million to the fund, while the remaining $120 million will come from third party investors.