Samena eyes Asia, ME, North Africa with new fund
Hong Kong investment fund looks to the MENA region for 'private equity-style' investments upwards of $700 million over the next seven years.
June 8, 2011 9:27 by Reuters
Hong Kong’s Samena Capital launched a special situations fund on Wednesday, aiming to raise $700 million for investments in listed securities in Asia, the Middle East and North Africa, the firm said in a statement.
The seven year close-ended private equity style fund, its second such offering, has commitments of more than $350 million, it said.
“The fund will take positions through strategic block purchases, pre-negotiated deals and preferential issuance of equity,” said the firm, which manages more than $400 million. (Reporting by Nishant Kumar; Editing by Ken Wills)
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