Currently, 89 private equity firms are headquartered in the Middle East, according to Preqin’s Fund Manager Profiles data. Collectively, these firms have raised approximately $16.5bn over the past 10 years, and have an estimated $3.8bn in dry powder available for investment. Forty-eight percent of these firms are based in the United Arab Emirates, accounting for roughly 50% of the capital raised over the past 10 years by Middle East-based fund managers. Twelve of the firms are located in Bahrain, and 10 fund managers are based in both Kuwait and Saudi Arabia.
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