Invest AD, the Abu Dhabi based investment firm, is seeking to raise $325 million from third-party investors for a $400 million private equity fund that will invest in North Africa and the Middle East (MENA) - the Reuters is reporting.
Invest AD, which has seed capital of $75 million from the Abu Dhabi government for its second MENA fund, hopes to achieve a first closing of at least $200 million. As we reported before, it has already invested 75 million in Turkish logistics firm EKOL which will be injected into the new PE fund.
Invest AD is listed in the Middle East Investors Directory with the code BD46.
Check the Reuters story below
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