Dubai - Mubasher: NBK Capital Partners announced on Monday that it has successfully closed its second mezzanine fund, named NBK Capital Partners Mezzanine Fund II, with $160 million in capital commitments.
The fund will be managed by NBK Capital Partners’ team of investment professionals in Dubai, Istanbul, and Kuwait, the company added in a statement.
“So far, NBK Capital Partners Mezzanine Fund II has invested in two companies: Qimam El Hayat, a private K-12 school in Riyadh and Perkon, the market leader in the Turkish payment systems/automatic identification and data capture (“AIDC”) industry,” according to the statement.
The NBK team is set to conclude the fund’s third and fourth investments, while there are many other investments in due diligence.
NBK Capital Partners further noted that its team will employ the proven investment strategy utilised by Mezzanine Fund I which entails investing capital in middle market companies in consumer-centric sectors in the MENA region through mezzanine investments.
“NBKCP Mezzanine Fund II provides a well-defined route to such a market with an experienced team and a proven track record. This new pool of capital will be deployed in compelling risk-reward opportunities for our limited partners,” Yaser Moustafa, senior managing director at NBK Capital Partners, said.
The company was represented in the establishment of NBK Capital Partners Mezzanine Fund II by Morgan Lewis, while Maples Fund Services was appointed the Fund administrator, NBK Capital Partners concluded.
