New private equity fund in Kuwait
KIPCO Asset Management Company (KAMCO) has announced the closing of a new private equity fund, Kuwait Private Equity Opportunities Fund, which will be focused on investing in private companies in Kuwait.
The fund, with more than US$ 45 million in commitments to be invested over the next four years, is structured in line with international standards for private equity funds.
It will acquire significant stakes in private companies in Kuwait, and seek to increase the value of its investments by financial and operational improvements. The fund will exit its investments by trade sales or listing on the vibrant Kuwait Stock Exchange.
KAMCO has a long and successful track record of direct private equity investing in Kuwait and - as one of Kuwait’s leading investment companies - is well-positioned to continue its achievements in generating superior returns for investors.
KAMCO, which is listed on the Kuwait Stock Exchange, is one of the GCC’s most active asset management and financial services firms, with US$ 4 billion of client assets under management. KAMCO is a member of Kuwait Projects Company, a leading diversified holding company in the Middle East and North Africa and a major regional force in financial services and media & telecommunications. (menareport.com)
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