Dubai: NBK Capital Partners said that it has successfully closed its second mezzanine fund, NBK Capital Partners Mezzanine Fund II, with $160 million in capital commitments, driven by strong demand from institutional investors and family offices.
NBK Capital Partners’ experienced team of investment professionals in Dubai, Istanbul and Kuwait will manage the fund, which will maintain its predecessor’s (Mezzanine Fund I) proven investment strategy of providing capital to middle market companies in consumer-centric sectors in the Middle East and North Africa (Mena) region by way of mezzanine investments.
NBK Capital Partners Mezzanine Fund II has already invested in two companies: Qimam El Hayat, a private K-12 school in Riyadh that provides quality education to over 2,500 students and Perkon, the market leader in the Turkish payment systems/automatic identification and data capture (AIDC) industry.
“This new pool of capital will be deployed in compelling risk-reward opportunities for our limited partners,” Yaser Moustafa, Senior Managing Director at NBK Capital Partners, said.
Morgan Lewis represented NBK Capital Partners in the establishment of NBK Capital Partners Mezzanine Fund II and the Fund administrator is Maples Fund Services.
