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INVEST AD JOINT VENTURE PLANS $100M MENA FUND.

A private equity joint venture created by US investment company Paladin Capital Group and Abu Dhabi-based Invest AD plans to launch a $100 million fund in the MENA region, the companies said.

The fund will tap growing global investor interest in the Middle East.

"SMEs are the backbone of the region's economy, and they are hungry for capital to expand, operationally and geographically, " said Michael Steed, managing partner of Paladin Capital Group.

"As they move to the next level, their prospects are excellent, given that MENA economies are set on a strong growth trajectory, and are performing well considering the uncertain global backdrop," he said.

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Publication:Gulf Business
Date:Jun 27, 2012
Words:118
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