<p>UAE-based alternative investment fund, Gulf Capital, has closed its second private debt and mezzanine fund, Gulf Credit Opportunities Fund II, over its target cover of $250 Million.</p>
<p>“Private debt in the region is becoming an attractive asset class for investors seeking a consistent, high cash yield. Investors recognise the value of our proprietary sourcing and active investment approach to generate absolute, risk-adjusted returns that Gulf Capital’s private debt fund has been able to achieve irrespective of the business cycle. We are particularly pleased with the quality of the institutional investors backing our second Private Debt fund and by the fact that the investors in our first fund decided to increase their allocations and back our second fund. With the launch of our 10th investment vehicle, Gulf Capital today has become one of the largest and most diversified alternative asset managers in the Middle East,” said Dr Karim El Solh, Chief Executive Officer of Gulf Capital.</p>