Al Masah to launch $500 million MENA fund this quarter

Al Masah Capital, an asset management company, will launch its $500 million MENA private equity fund in the current quarter - its founder and CEO told Emirates Business.

It has received interest from sovereign and pension funds and expect to get most of the money from the region and 20% from international investors. The firm will also launch another Luxembourg-based multi strategies fund, named Al Masah Special Opportunities Fund. The size of the fund would be about $150 million-$200 million. Al Masah is in the process of signing up agreements with at least three firms in petrochemicals, education and healthcare sectors.

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More details from Emirates Business follows