TNI
Etqaan Shariah Capital Partners announces first close of Etqaan Shariah Fund
Sun, 2011-10-23 16:23 — newsdeskEtqaan Shariah Capital Partners is closing its first Etqaan Shariah Fund. TNI and KAMCO are managing the Fund with $20m, and will persist to fundraise in regional and international markets, subject to country specific regulatory approvals.
The Fund will invest between $20m and $40m in six to eight portfolio companies in the Middle East and North Africa (MENA) region, and will look to primarily take majority stakes in leading regional businesses.
Legal counsel was given by Dewey and LeBoeuf LLP during the formation of the Fund. Fund administrator will be Deutsche Bank (Cayman) Limited.
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