Sidra Capital announces the first close of an Asia-Pacific private equity co-investment strategy with Blackrock alternatives

Sidra Capital announces the first close of an Asia-Pacific private equity co-investment strategy with Blackrock alternatives

JEDDAH, Saudi Arabia--(BUSINESS WIRE/AETOSWire)-- Sidra Capital, the Saudi based alternative asset manager, partners with BlackRock Alternatives to announce the first close of the Sidra-BlackRock Asia-Pacific Private Equity Strategy. The bespoke strategy looks to provide investors with unique Shari’ah compliant private equity opportunities in the Asia-Pacific (APAC) region.

The strategy leverages BlackRock’s established GP network and strong deal flow to access leading managers with compelling transactions. The strategy is structured to provide investors with a diversified exposure to the APAC region. APAC comprises of countries located in the East, South, and Southeast Asia as well as Australia and Oceania.

"This new mandate takes a strategic approach to a region that is rich with investment opportunities,” said Hani Baothman, Chairman of Sidra Capital. "Partnering BlackRock's strong fiduciary heritage and expertise in the region with Sidra's successful track record in Shari’ah compliant investments worldwide, will offer investors a truly unique investment opportunity in the APAC region."

Lynn Baranski, Global Head of Investments for BlackRock Private Equity Partners said: "Private markets in Asia are gradually becoming an integral part of private portfolios for clients across the globe on the back of robust economic and investment development. We see ample investment opportunities to deliver attractive risk-adjusted returns in