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Alternative Market Briefing

Middle East private capital AUM increases by 52% in 3 years

Friday, May 20, 2022

Laxman Pai, Opalesque Asia:

The role of the Middle East in the global alternatives industry is beginning to change as assets under management (AUM) has been rising consistently.

According to "Preqin Territory Guide: Middle East 2022", the Middle East-based managers saw a contraction overall in AUM in 2015 and 2016, no doubt in part linked to the reduction in oil prices having wider economic impacts on the region. However, since the end of 2019, AUM has increased by 52%.

What's more, the share of AUM taken by the two largest markets, UAE and Saudi Arabia, has remained stable, suggesting the prosperity of the last few years has been evenly spread across the region.

Over the longer term though, Saudi Arabia has been increasing its share of Middle East-based AUM, which has risen from 11% in 2014 to 24% as of Q3 2021.

The recent increase in oil and, more dramatically, gas prices, is driving private capital's improved fortunes in the Middle East, said the release.

Private equity managers make up 57% and 49% of private capital in UAE and Saudi Arabia, respectively. Real estate manager numbers are consistently higher than dedicated infrastructure managers across the region, catering to the demands of many local family offices looking to invest private wealth in regional real estate investments.

Meanwhile, fundraising data for Middle East-based managers reveals the change the region is undergoing. Real estate fundraising was a major part of the total by local ma......................

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