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Friday, November 13 - 2009

Gulf has 'too many' private equity firms

  • Sunday, January 27 - 2008 at 08:54

The large number of private equity firms operating in the Gulf, and the relatively small funds they manage, is not sustainable in the long term, according to Christofe Mahieu, managing director and co-head of Gulf Growth Capital, the fifth business line of Investcorp, the Bahrain-based international investment bank. Mahieu said there are about 140 private equity firms in the Gulf, compared to about 420 in the US, which has an economy about 15 to 20 times the size of the Gulf economy. He said their will be a reduction in the number of private equity firms in the Gulf 'over time', but the firms that remain will manage 'bigger and bigger' funds.

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