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Private equity in the Middle East05/09/2007. Source: The Monroe Group. Drosten Fisher
 A presentation on current trends in Middle East private equity, which Drosten Fisher of the The Monroe Group delivered at the New York Society of Security Analysts conference on investing in the Middle East.
Private Equity in the region is booming
• Fundraising jumped from a few hundred million in 2004 to $3bn in 2006
• First billion-dollar fund raised in 2006; $2bn Islamic fund currently being raised
• 20 deals in the last 12 months
We don’t yet have the data to know how successful it will be
• Only 1 fund wound up: Rasmala Private Equity Fund I
• 22% IRR; returned 3.5 times capital to investors in 6 years
US and global players starting to enter the region
• Carlyle Group in Egypt, UAE, Turkey; Colony Capital in Beirut
– Largest deal in region; $5bn investment by Colony in Libyan oil company
• The most valuable service provided by US Private Equity firms may be providing access to global opportunities for local investors.
Click here to view the full presentation (pdf 396kb) You need Adobe Acrobat to read this document. If you do not have it, you can download it free from www.adobe.com/products/acrobat/readstep.html
The Monroe Group is a strategy consultancy that focuses on the “next wave” of developing countries. We help our clients find commercial opportunities in countries that are off the radar of many in the west. These include countries recovering from war, countries with ongoing conflict, and countries not considered attractive for commercial opportunity. Basically, we will operate anywhere the big strategy consultancies don't have an office. Our focus is on the unusual, the unexpected and the different. We can help identify investment opportunities in Somalia, commercial opportunities in Kurdistan or a market entry strategy for Sri Lanka. We have a network of associates in over 40 countries globally. Our mission is to provide world-class professional service advice in countries that do not have well-developed local providers, and which the big consultancies won’t touch.
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