NBK Capital closed its latest private equity fund, with US$310m in capital commitments.
NBK Capital Equity Partners Fund II, which was oversubscribed driven by demand from institutional investors and family offices, will continue to acquire stakes in middle market companies in consumer sectors such as consumer staples, consumer discretionary, education and healthcare across the MENA region.
led by Amjad Ahmad, Senior Managing Director and Head of Alternative Investments at NBK Capital, fhe fund has already invested in two companies:
Shakespeare and Co., a casual dining restaurant chain based in the UAE and
Yatsan, a mattress manufacturer and retailer based in Turkey.
The team is completing the third investment and there are several other investments in various stages of development.