PE funds fuel Gulf growth
The growth of private equity funds in the Gulf region is nothing but spectacular and all that capital needs people to manage it.
More than 13bn in assets under management (AuM) is forecast by the end of the year, reports the Financial Times. In June this year, AuM stood at more than $5bn (2.63bn), that figure itself up 55% on last year.
Most of the fundraising is being done by local players who are also likely to be the region's top hirers (see related article below for more).
