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Global's fund distributes $15m to investors

Global's fund distributes $15m to investors
Photo Credit: Arabianeye-Reuters
Global
GLOBAL
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Kuwait-Mubasher: Global Investment House (Global) said that its private equity fund Global Buyout Fund distributed $15 million to its investors, according to a statement.

This is the second distribution from the fund this year after a $4 million payout at the beginning of 2015, the statement said, adding that the total amount distributed by the Global’s private equity funds exceeds $473 million since inception. 

Global’s private equity division manages five private equity funds and has been one of the first to launch a GCC-focused private equity fund in 2003.

The team is currently working on launching the first Middle East focused secondary fund and a healthcare platform to invest in the lucrative healthcare market in the GCC and Turkey, with several seed investments readily available. The team completed four investments in their funds since 2011

 The team is still actively looking at opportunities for their last fund, with a remaining dry powder of more than $100 million.