Monday, November 27, 2006

Tapping Middle East capital

Many of my entrepreneur friends in India keep asking me for sources of funding from private equity houses and venture capitalists. The large investment houses in the Middle East Gulf could potentially be a very good form of financing for business initiatives in India.

There are many reasons for a successful partnership between the two regions - the Gulf is filled with a lot of expatriate professionals originating from India and several Indians occupy senior positions in the investment houses there. The locals in the Gulf understand the culture very well owing to their long relationship with the subcontinent. The currency of Bahrain, for example, was the Indian rupee till the early 1970s. Indian companies are experiencing great growth momentums and this could provide great returns for these investment houses. Indian companies can have access to a relatively cheap source of capital from a neighbouring region.

More than talking about the merits and demerits, I would like this to be a source of information for Indian companies about the Gulf region. Below is a list of some of the biggest funds in the region. Please contact me if you need additional information


Funds:
Al Madina for Non Listed Companies Fund
Technology Venture Fund
New Enterprise Fund
MENA Real Estate Development Fund
Abraaj North Africa Fund
Infrastructure and Growth Capital Fund
Fortune Management PE Funds
Barada Investment I
Boubyan International Real Estate Fund
Al Masdar Renewable Energy Fund
Injaz Mena Private Equity Funds
DIB / DWP Family of Funds
Al Tawfeek Private Equity Fund
India Fund
GCC Infrastructure Fund
EFG-Hermes Oil & Gas Fund
The Carlyle Group MENA Fund
EMP ENergy Fund
Fortis - Fransabank PE Fund
IT Ventures II
NCB Private Equity Fund
KPC Renewable Energy Fund (NET)
Evolvance Private Equity GCC Fund
Evolvance Educational Fund
Byblos Private Equity Fund
MENA Infrastructure Fund
NBK Capital Equity Partners
DIB-DPW Telecom, Media, & Technology Fund
DIB-DPW Global Energy Fund
Delta Capital MENA Telecom Fund
Euro-Mediterranean Fund (ALTERMED)
Noor Secondary Fund I
Alf Yad 1
Shefa HealthCare Fund E.C.
Ryada Islamic Private Equity Fund / Capital Private Equity Fund
Frontier Opportunities Fund I
Gulf Springs Real Estate Fund
Carnelian I
Growth Gate
Technology Development Fund II
Horus Agri Fund
Catalyst Private Equity
Arab Technology Ventures
Zad Communication and Technology Fund
TNI Private Equity Fund
Levant Capital
Al Rajhi Real Estate Fund
SAGIA ICT Fund
Abraaj-BMA Pakistan Buyout Fund LP
The Pre-IPO Fund
Global Opportunistic Fund II
Technology Development Fund
JD Capital
Ascent Medical Technology Fund II
GCC Energy Fund L.P.
Gulf Capital
Private Equity Fund
Capital Morocco LP
MENA Small and Medium Enterprises (SME) Fund
The Jordan Fund
Horus Private Equity II
Saraya Real Estate Mena Fund
Middle East Real Estate Opportunities Fund II
Middle East Real Estate Opportunities Fund
Markaz Energy Fund
Abraaj Buyout Fund II
GCC Real Estate Fund
AGRAM Fund
Markaz Real Estate Fund
The Markaz / Hamilton Lane Technology Fund
Capital North Africa Venture Fund
Ithmar Fund II
IDB Infrastructure Fund L.P.
HSBC Private Equity Middle East
Maghreb Private Equity Fund II
Abraaj Real Estate Fund
MENA Capital Private Equity Fund I
SHUAA Partners Fund I, L.P.
Kuwait Private Equity Opportunities Fund
Swicorp Joussour Fund
Amwal Al Khaleej Commercial Investment Company
Accelerator Technology Fund
Intaj Capital
Swicorp Emerge Invest
AlArabi PE Fund
Intel Capital Middle East and Turkey Fund
EuroMena Fund
The Buildings by Daman
Lebanon Real Estate Development Fund, L.P.
Athar Al Majd Diversified Private Equity Fund I
National Technology Enterprises Company NTEC
Aqar Management I
IT Ventures
KFH Venture Capital Fund
MENA Water Ventures
Eagle One Real Estate Investment Company (Holding)
Tuninvest Innovation
Jordan Hi-Tech Venture Fund
Injazat Technology Fund
Ithmar Fund I
Capital Morocco Fund
MENA Direct Investment Fund
Buyout Fund I
Middle East Technology Fund (METF)
IT Concord-Mist Technology Venture Capital Fund Limited
Egyptian Direct Investment Fund Limited
Tuninvest Magreb PE Fund
Tuninvest International Ltd
Tuninvest International SICAR
Tuninvest Tunisie SICAR
Commercial Int'l Investment Company
Tuninvest
Daman Iraqi Opportunities Fund
Minah Ventures
Horus Private Equity Fund
Estithmaar Ventures TMT Fund, LP
LI Venture Holding SAL

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About Me

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I am an investment banker based in the far east, Hong Kong. My education and work has taken me to numerous countries around the world, and that imbibes me a very strong passion for traveling, exploring new places and cultures. I am curious about history and how different societies have evolved over time. Two other interests of mine are hiking, and I have just put up a new blog related to this, and also an activity that was introduced to me as a child, but have seriously got into it just recently - yoga.