NBK Capital Partners, a private equity firm headquartered in Dubai, announced a $110 million first close for its second mezzanine fund garnering commitments from both institutional investors and family offices. The fund will build upon the successful strategy of its predecessor fund, targeting opportunities in consumer-centric middle market companies in the Middle East and North Africa.
“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,” commented Yaser Moustafa, Senior Managing Director at NBK Capital Partners in the statement announcing the close. “We are excited to have this new capital pool which will be deployed in compelling risk-reward opportunities for our limited partners.”
The fund, which will invest in companies operating across a number of consumer sectors including healthcare, education and food and beverage, claims a strong pipeline of potential deals and could look to make its first investment within the next few weeks.
Morgan Lewis acted as legal advisor in the formation of NBK Capital Partners Mezzanine Fund II with Maples Funds Services acting as Fund Adminsitrator.