Gulf Capital announced today that it has received an anchor investment of $20 million into its credit and mezzanine fund from the International Finance Corporation (“IFC”), a member of the World Bank Group
Gulf Credit Partners' Credit Fund fills the space for SME financing in the Middle East and Turkey region.
The total investments in the Gulf Capital Credit Opportunities Fund stands at $215 million, positioning it as the largest credit fund in the Middle East. it has a target of $300 million by the end of 2013.
The announcement came at a signing ceremony between Gulf Capital and IFC, attended by Mr. K. Aftab Ahmed, IFC Director for Financial Markets and Private Equity Funds, for Europe, Central Asia, the Middle East, and North Africa, Dr Karim El Solh, Chief Executive Officer of Gulf Capital, Mr Christopher Baines and Mr Walid Cherif, Co-Heads of Gulf Credit Partners, which is managing the Gulf Capital Credit Opportunities Fund.
Read more: http://www.cpifinancial.net/news/post/19658/gulf-capital-secures-20-million-from-ifc-in-its-gulf-capital-credit-opportunities-fund
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