17.03.2009 - Middle East private equity raises record $6.4 billion in 2008
From Cpifinancial.net: Middle East private equity fund managers raised a record $6.4 billion in 2008, up more than 10 per cent over 2007 and more than double the amount raised in 2005, according to Gulf Venture Capital Association’s (GVCA) 2008 report on Private Equity & Venture Capital in the Middle East. Large size funds are primarily responsible for this growth, with the average fund size in 2008 being $258 million, compared with $213 million in 2007 and just $177 million in 2006. This trend is driven by the need for more flexibility in structuring deals and the past success of large buyout transactions, according to the 2008 GVCA report..... Full Article: Source