Global Capital Management Limited Among Top 300 Private Equity Firms in the World

PR Log (Press Release) – Jun 21, 2009 – Global Investment House (Global) announced today that Global Capital Management Limited (GCML), 100% subsidiary of Global, managing alternative investments of Global has been reported as one of the top 300 private equity firms in the world by Private Equity International (PEI). The Company is ranked as the 126th private equity firm in the world, raising a total capital of about US$2.38 billion in past 5 years.

PEI 300, sponsored by Private Equity International has ranked the largest 300 private equity firms in the World. As per PEI some firms managed to close sizeable fundraisings, which boosted their respective ranks significantly, or allowed them to debut on the top 300 list. The PEI 300 based its rankings on the amount of private equity direct-investment capital raised or created over the past five years.

Mr. Shailesh Dash, Managing Partner at GCML said, “It is an extreme proud moment for GCML and the financial sector in Kuwait. For GCML to be in the top 300 private equity firms in the world that reflects the Company's position and prudent approach it has adopted over the years. On this occasion, on behalf of Global and me, I would sincerely like to thank all our investors and LPs for expressing and maintaining their support and confidence in us.”

Further on sector trends he added “Private equity in the MENA region has evolved rapidly over the past 4 years. With the current state of the capital markets, equity and debt, and private equity has become an alternate and preferred source of financing for most of the regional family businesses. These companies are typically looking for smart capital funding in the region, who can add substantial value to the Company. GCML has demonstrated its strength to successfully invest and add substantial value to the regional family businesses.

We are now one of the leading provider of private equity capital across the region and will continue to focus on the mid market segment of the family business as they seek growth capital to expand into other MENA markets. Unlike conventional investment funds, many of our strategies seek positive returns that have less correlation to overall market movements. We offer a range of investment choices, including exposure to growth capital private equity, buy-out, local and foreign real estate and international hedge fund opportunities.

The private equity fund management team was formally defined in 2005 and today is one of the largest team in the MENA with about 50 well qualified professionals. In a short period, the team has an aggregate work experience of over 300 years and manages about US$3.0 billion through 5 private equity funds, namely, Global Private Equity Fund, Global Opportunistic Fund, Global Opportunistic Fund II, Global Buyout Fund L.P. and Global MENA Financial Assets Limited.

The team has already invested on behalf of the funds it manages about US$1.5 billion through 54 transactions across 11 sectors in Middle East and North Africa, Turkey, South Asia & China during the past 4 years. The team has also successfully managed 15 exits generating an IRR of around 67% as of December 2008 for its existing investor base which comprises international and MENA institutional investors. GCML’s achievements have been recognized at product and deal level through awards such as Fund of the Year for 2007 and 2008, as well as Private Equity Deal of the Year for 2008 by Terrapinn.