SHUAA launches $200 million ‘Financing Opportunities Fund’

  • Date: 12-Oct-2020
  • Source: Saudi Gazette
  • Sector:Financial Markets
  • Country:UAE
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SHUAA launches $200 million ‘Financing Opportunities Fund’

DUBAI — SHUAA Capital, an asset management and investment banking platform in the region, announced that it has launched a $200 million "SHUAA Financing Opportunities Fund" targeting special situations in the GCC. The fund has already attracted a total of $68 million in commitments from investors.Following SHUAA's recent success in the private credit space in deploying and returning in excess of $250 million to investors and generating mid-teen returns of c.15 percent in addition to $3 billion of structured and raised funding across all portfolio companies, the company is excited to be launching its