Abraaj Capital, the leading private equity firm headquartered in Dubai, announced today that it has been named the top private equity group in emerging markets worldwide.
Ranked 48th among all private equity firms in the world by London-based Private Equity International (PEI), the leading magazine for the private equity industry, Abraaj Capital has risen two places from the previous annual global ranking of private equity firms and six places from PEI’s 2009 rankings, which are based on the amount of direct-investment private equity capital raised or formed during the last five years.
Abraaj Capital, which has raised US$6.2 billion over the last five years, is the only private equity group in the global top 50 from outside North America and Europe. During this period, the firm successfully raised nearly US$1 billion more than its closest emerging markets competitor.
This achievement places Abraaj Capital as number 1 in PEI’s ASIA rankings, which lists the top 30 firms operating in Asia.
The Abraaj Group currently operates 10 offices worldwide, including in Istanbul, Cairo and Riyadh. Funds managed by the Abraaj Group or its predecessor entities have made 36 investments in 11 countries and achieved more than 20 exits.
“Being ranked the number one private equity group in emerging markets worldwide validates our long-term focus on identifying companies that meet our strict investment criteria, unlocking their growth potential and, ultimately, delivering significant value for our investors,” said Mounir Husseini, Senior Partner and Head of Coverage at Abraaj Capital. “This ranking further confirms the potential that exists in emerging markets, including the Middle East, North Africa and South Asia region in particular, where we continue to set benchmarks for excellence.”
The PEI 300, now in its fifth year, is the only like-for-like ranking of private equity firms by size, and includes the 300 largest firms in the world. The complete list, methodology and analysis are available at: www.pei300.com .