Global's fund distributes $15m to investors

August 12, 2015 9:20 AM

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Global's fund distributes $15m to investors

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


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