The Middle East’s private equity funds, which have long lagged behind their global peers, have built up at least $5bn in capital ready to invest in new opportunities, industry leaders said this week. They will also increase endeavours to make new investments this year.
The so-called “dry powder” has been building for years, as private equity funds – which occupy a smaller segment of the financial sector than similar funds in the developed world – raised cash faster than they spent it. ……………………………………….Full Article: Source