Al Masah Capital Limited appoints two new Partners
- United Arab Emirates: Monday, September 03 - 2012 at 13:30
- PRESS RELEASE
Al Masah Capital Limited (Al Masah Capital) announced the appointment of two new Partners to its team. In all, it has strengthened its team with six new senior appointments this year.
Al Masah Capital, a fast growing alternative asset manager with a focus on the MENA (Middle East and North Africa) region, has been rapidly increasing its team and has acquired key talent from the MENA region. Its products include private equity funds, real estate funds, listed equity funds and structured products. Its clients include individual and institutional investors.
Recently, it also announced the joining of Al Hail Holding and Global Development Group (GDG) to its current shareholders, as well as on the Board of directors of Al Masah Capital Limited.
Al Masah Capital CEO and Founder, Shailesh Dash stated, "We welcome Gaurav and Arindam to the Al Masah Capital team and look forward to expanding operations of our company with them. Gaurav will be spearheading our strategic expansion both geographically and across business lines and brings tremendous experience to the table for that. Arindam will be representing us in Abu Dhabi and his appointment underlines our commitment to expand our presence in UAE and the GCC region. We started out as a small team of less than 10 people in mid 2010 and since then have been able to retain and acquire key talent as a preferred employer. Most of our team has been working together for more than seven years, hence, we have been very careful and selective in our team expansion. Though our team is now set to be around 27 people, we retain the same entrepreneurial culture since the day we started."
Gaurav has over fourteen years of work experience and has been with the Prudential Group for over ten years starting with M&G Investments in London. In his last few assignments with Prudential he has worked as Head of Portfolio Management for Asia based out of Singapore and prior to that he established the Product & International Business for ICICI Prudential Asset Management (erstwhile known as Prudential ICICI Asset Management) India.
Gaurav Kumar stated "I am extremely pleased at joining an outstanding team of Al Masah Capital and am especially impressed with the quality of leadership and the culture at Al Masah Capital. Over the last couple of years Al Masah Capital has been able to establish itself as a leading alternative investment house. Its track record in such a short span is a proof statement on the capabilities of the team in understanding the regional markets and providing strong investment management with clients as their main focus."
Arindam also stated "I have known and watched the Al Masah Capital team for a while and have seen it evolving under Shaliesh's leadership into a mature asset management team in a very short span of two years. Raising funds in excess of $400m since 2010 in such periods of tight liquidity is more than commendable and talks tons about the quality of his leadership and team. I am excited to be part of the Al Masah Capital family and aim to push its growth."
Arindam has more than 12 years experience in Investment Banking - Equity Capital Markets, Private Equity & Client Management. He has multi sector experience with focus on oil & gas, telecommunications, hospitality, logistics & financial Services.
Some of the key products Al Masah Capital manages include its Healthcare and Education investment platforms (MENA focused private equity initiatives). The Healthcare investment platform was launched in Q4 2010. The platform has already completed four healthcare transactions in Abu Dhabi, Dubai, and Kuwait and paid an 8% dividend to its investors in the first year. The other recent product launched and managed by Al Masah Capital is its Education platform, a MENA focused private equity initiative. The education platform has also completed its first transaction and acquired a long established and very reputed English curriculum school in Dubai.
Shailesh stated, "Our private equity initiatives i.e. both healthcare and education have steadily grown. Both platforms aim to give regular dividends of 7-8% every year and also aim for an exit of IRR of 30% + from these platforms."
Shailesh added " We have also augmented our real estate advisory team and have signed several landmark advisory transactions which we expect to close within the next few months. Our real estate advisory team is headed by Tarig El Sheikh, who joined us this year from Macquarie Capital Advisors. Prior to that he was with Lehman Brothers.
He has over10 years of experience in Real Estate Advisory, Fund Management and Investment with over $80bn worth of real estate transaction experience in advisory, fund structuring and capital raising to date."
On other business segments, Shailesh commented that "We have established and closed five fixed income funds since Q4 2010. We are also currently managing equity funds/ portfolios. We have tied up with various local and international financial institutions to distribute our products."
Shailesh also welcomed Charudutta Joshi, who joined Al Masah Capital's distribution team as Senior Director. Charudutta has 14 years of experience in wealth management, retail banking, product launches and business development in the region and India. He was formerly Country Head for ICICI Bank Qatar.
Shailesh also added "We pride ourselves in being a strongly regulated entity; in Dubai, we operate through our wholly owned subsidiary, Al Masah Capital Management Limited (AMCML); AMCML is regulated by the Dubai Financial Services Authority. Al Masah has also been given approval by Luxembourg's CSSF to operate an asset management company that will manage a master fund which deploys multi-asset investment strategies."
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