PRINT THIS PAGE Gulf Capital, Credit Suisse to establish strategic alliance17/03/2008. Source: AltAssets. 
Gulf Capital and Credit Suisse have established a strategic alliance to focus on investing in the Gulf and Middle Eastern economies. Both parties will commit a 'significant amount of investment capital' to the alliance, according to a statement. Waleed Zahid, vice chairman, Gulf Capital, said, 'Credit Suisse, one of the world's largest alternative asset managers, is the ideal partner to help us co-manage this venture. Credit Suisse's long-term partnership with Gulf Capital and its investment in the venture are a strong testament of its commitment to the region.'
Brian Finn, chairman of Credit Suisse's Alternative Investments business, added, 'We are very pleased with this alliance as it brings out the best of each party: Gulf Capital's on-the-ground presence, unique access to proprietary deal flow, proven investment expertise and post-acquisition skills, combined with Credit Suisse's strength in managing private equity and alternative assets and regional and global investment and private banking capabilities.'
Incorporated in Abu Dhabi in 2006 as a private joint stock company, Gulf Capital was established with a capital base of AED1.225bn ($330m) from over 250 institutional and individual investors in the Gulf.
Credit Suisse Alternative Investments is active in private equity, hedge funds and related activities.
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