28.02.2013 - Shariah funds lure Middle East LPs to Southeast Asia
Asian managers, joining a trend from the bond markets, have begun launching Islamic private equity funds in response to interest from investors in the Middle East. For those investors, the new vehicles are a way to capitalize on fast-growing economies in the region, sometimes with more flexibility and attractive terms than are available via local Middle East funds. Navis Capital Partners in Malaysia and Korea’s STIC Investments are two of the few general partners that manage Shariah-compliant private equity funds across Asia. Kuala Lumpur-based Navis first raised money to invest in Shariah-compliant deals in 2003, while STIC started in 2004...............................................Full Article: Source
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