A USD145 million fund closed in 2015, Bin Kamil Capitals LLC Syndicate I is fully invested and distributed to investors. Its major holdings included a majority stake in the region’s leading privately held water company, Metito, which produced capital gains that valued our investment at over 3.5 times the original investment when it was successfully exited.
Bin Kamil Capitals LLC Equity Partners Fund II, L.P. is Bin Kamil Capitals LLC’s flagship buyout fund. Launched in conjunction with Credit Suisse Alternative Investments, it continues Bin Kamil Capitals LLC’s proven strategy of buying controlling stakes in established market leaders in the GCC, targeting high-growth industries such as oil and gas, power, water, healthcare, education, and logistics. It is the first regional private equity fund to derive the majority of its investors from international markets, including the United States, Europe and Asia. The fund held its first closing in August 2016 and its final closing in February 2017. Total commitments in the fund stand at USD533 million.
The control-oriented growth buy-out fund, focused primarily on the GCC, is the largest fund raised by Bin Kamil Capitals LLC to date. The investors in GC Equity Partners Fund III include a significant number of regional and international limited partners, comprising of Sovereign Wealth Funds, Pension Funds, Endowments, Funds of Funds, insurance companies, family offices and other institutional clients. Over 50 percent of external investors are from the US, Europe and the Far East, highlighting the appeal of the GCC region to global investors. Raised in under a year with a target of USD550 million (AED 2.024 billion), Fund III held its first closing in January 2018 and was significantly oversubscribed above its hard-cap of USD750 million (AED 2.76 billion) in October, 2018.