Arcapita to build fund management business to complement private equity

Bahrain-based investment firm Arcapita plans to build a fund management business to complement its private equity operations and manage $10 billion worth of funds within three years - the Reuters is reporting.

Arcapita, which had $4 billion in assets as of year end, would launch a $750 million fund focusing on Asian infrastructure. The company also launched a $500 million Gulf property fund together with the investment arm of Saudi Arabia's Al Rajhi Bank in February. Arcapita's funds portfolio would focus on real estate, infrastructure, venture capital and private equity.

Arcapita is listed in the Middle East Investors Directory with the code OR07.

The full Reuters story follows