USD 110 million first close for NBK Capital Partners Mezzanine Fund II

KUWAIT: June 15, 2016

NBK Capital Partners has held a first close for NBK Capital Partners Mezzanine Fund II at USD 110 million, driven by strong demand from institutional investors and family offices.

NBK Capital Partners’ experienced team of investment professionals in Dubai, Istanbul and Kuwait will manage the Fund, which will continue building upon its predecessor’s proven investment strategy of providing capital to middle market companies in consumer-centric sectors such as education, healthcare and food & beverage in the MENA region by way of mezzanine investments.

NBK Capital Partners Mezzanine Fund II will seek to unlock opportunities for investors by focusing on companies that benefit from the long term regional fundamentals of a young and growing population resulting in accelerated household formation and urbanisation pointing to favorable demand dynamics.

NBK Capital Partners Mezzanine Fund II enjoys a strong pipeline of investment opportunities that should yield its first deployment as early as the second quarter of 2016.

Yaser Moustafa, Senior Managing Director at NBK Capital Partners, commented, “We are delighted that NBK Capital Partners Mezzanine Fund II has attracted such high caliber investors in its first closing and believe that it is a testament to the NBK Capital Partners team and its excellent track record. We are excited to have this new capital pool which will be deployed in compelling risk-reward opportunities for our limited partners.”

Morgan Lewis represented NBK Capital Partners in the establishment of NBK Capital Partners Mezzanine Fund II and the Fund administrator is Maples Fund Services.