Gulf Capital to set up $750m fund for Southeast Asian companies

Fund will invest in business looking to expand into Middle East

Gulf states are transitioning from fossil fuel exports and looking for investments in sectors such as renewables, digitization and financial technology. © Reuters

MICHELLE TEO, DealStreetAsia

February 24, 2023 16:10 JST

SINGAPORE -- Private equity firm Gulf Capital is in the market to raise money for its control-growth buyout vehicle, GC Equity Partners IV.

The company is targeting about $750 million for the vehicle, similar to its predecessor fund, Gulf Capital's co-founder and CEO Karim El Solh told DealStreetAsia.