Samena to start MENA investment fund

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Samena to start MENA investment fundAfter finding great success with its first specialized private equity fun, Hong Kong firm Samena has announced plans to start raising capital for investment in listed securities in the Middle East, North Africa, and Asia.  The investment firm’s first foray into this sort of specialized fund returned significant profits, as much as 5.4 times the amount of initial investment in the case of Eicher Motors Ltd.

The seven-year closed-ended deal hopes to raise $700 million in all, and Samena says they have already reached $350 million.  The goal is to “build strong minority stakes in listed companies that are stable mature businesses,” the firm staid in a statement.  Samena was founded in 2008, and manages about $400 million for investors.

 

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After finding great success with its first specialized private equity fun, Hong Kong firm Samena has announced plans to start raising capital for investment in listed securities in the Middle East, North Africa, and Asia.  The investment firm’s first foray into this sort of specialized fund returned significant profits, as much as 5.4 times the amount of initial investment in the case of Eicher Motors Ltd. The seven-year closed-ended deal hopes to raise $700 million in all, and Samena says they have already reached $350 million.  The goal is to “build strong minority stakes in listed companies that are stable...

Reading Time: 1 minute

Samena to start MENA investment fundAfter finding great success with its first specialized private equity fun, Hong Kong firm Samena has announced plans to start raising capital for investment in listed securities in the Middle East, North Africa, and Asia.  The investment firm’s first foray into this sort of specialized fund returned significant profits, as much as 5.4 times the amount of initial investment in the case of Eicher Motors Ltd.

The seven-year closed-ended deal hopes to raise $700 million in all, and Samena says they have already reached $350 million.  The goal is to “build strong minority stakes in listed companies that are stable mature businesses,” the firm staid in a statement.  Samena was founded in 2008, and manages about $400 million for investors.

 

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