Dubai – Mubasher: Gulf Capital is looking to invest $350 million in consumer-led sectors and renewable energy over the coming two years, CEO Karim Elsolh has said.
The Abu Dhabi-based company aims to invest this amount from its recently launched $750 million fund, he added.
Elsolh expected this year to see a large number of transactions, adding that his firm has some $150 million available from its latest $251 million private debt fund.
“In the current economic cycle, I believe that this is a good time to be investing at attractive valuations,” he told Reuters.
Earlier this month, the private equity firm acquired a stake in Saudi Arabia's leading provider of electronic payment solutions, Geidea, for more than SAR 1 billion.
“Gulf Capital is targeting four exits this year - via trade sales as well as the stock market - which could make 2018 the first year since its launch in 2006 in which it returns more money to investors than it deploys,” the news agency reported, citing the CEO as saying.
Gulf Capital is one of the major companies in alternative investments in the Middle East region, with currently AED 14.7 billion ($4 billion) managed assets via ten funds and investing instruments, according to the firm's statement.
