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Gulf Capital to launch new fund of up to $750m
- United Arab Emirates: Tuesday, October 09 - 2012 at 03:36
Abu Dhabi-based investment company Gulf Capital is planning to raise as much as $750m to start a third private equity fund, Bloomberg has reported. The firm, which targets controlling stakes in energy, health-care and education companies, expects to market its GC Equity Fund III from early next year. Gulf Capital expects to raise between $550m and $750m from investors including Asian sovereign wealth funds and US financial institutions, said Gulf Capital co-founder, Karim El Solh.
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