Foursan Group launched its second fund - $100 million already committed

Foursan Group, a Middle Eastern private equity firm, announced the launch of its second fund, Foursan Capital Partners I, a multi-country, multi-sector private equity fund targeting investments in accelerated growth companies. This fund will have a first closing on January 1, 2010 with commitments of $100 million and is targeting a final closing of $200 million in 2010.

Foursan has received commitments from the following limited partners: US Overseas Private Investment Corporation, the International Finance Corporation, Jordan's Social Security Corporation and Olayan Group. Their other fund was Jordan Fund.

Foursan Group is listed in the Middle East Investors Directory with the code OR24.

Their full press release follows