Black Pearl Capital, a Cayman Islands-based specialist asset management and advisory firm, closed its first private equity fund with a committed capital of USD$50m.
The “Black Pearl Capital Partners (BPCP)” fund will focus on investing globally in growth sectors and distressed situations. The fund will have expects a 2/3 year investment period with a 5/7 year exit.
Commenting on the closing, Fareed Asadi, Chairman of Black Pearl Capital, said: “We are extremely pleased to have launched our first private equity fund.
“We are excited by the opportunities we are seeing at the moment and extremely positive about the outlook.
We are looking at a number of investments currently, across several industry verticals”, he added.