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Q: Need a List of Private Equity Firms Backed By Middle Eastern Money ( Answered 5 out of 5 stars,   0 Comments )
Subject: Need a List of Private Equity Firms Backed By Middle Eastern Money
Category: Business and Money
Asked by: inquisitiveguy-ga
List Price: $100.00
Posted: 02 Aug 2006 17:25 PDT
Expires: 01 Sep 2006 17:25 PDT
Question ID: 752019
I need a list of private equity firms with offices in North America
that are funded primarily by money from the Arab Middle East.

More specifically, I need contact information for each firm (i.e., a
person there, an email address and a fax number) or the ?Contact Us?
page from the firm?s website (i.e., the mere name of a firm is not

On my own, I?ve located the following firms, so please exclude these
from your search:

Dubai International Capital
GEM Kinderhook / Kinderhook Industries
Investcorp International
UIB Capital (Unicorn Investment Bank)
Wafra Partners

Good luck!
Subject: Re: Need a List of Private Equity Firms Backed By Middle Eastern Money
Answered By: pafalafa-ga on 02 Aug 2006 19:54 PDT
Rated:5 out of 5 stars

Here's what I came up with:
Arab Bank
Contact person:   Issa Baconi 
Title:   Executive Vice President / Manager  
Address:   520 Madison Avenue 
City:   New York 
Working hours (GMT):   0 
Working hours (Local):   0 
P.O.Box:   New York, NY 10022-4237 
Phone:   ++1 (212) 715-9700 
Fax:   ++1 (212) 593-4632 

Arab Banking Corporation (B.S.C.)

Tel.: (1) (212) 583-4720
Fax: (1) (212) 583-0921
Tlx: 661978 ABCNY 
Swift: ABCOUS33

Robert Ivosevich, General Manager
Tel.: (1) (212) 583 4774

L. Christian Rigby, Vice President Trade Finance 
Tel.: (1) (212) 583-4873 

Rami El-Rifai, Vice President, Corporate Finance
Tel.: (1) (212) 583-4874

Thomas E. Fitzherbert, Vice President, Corporate Finance
Tel.: (1) (212) 583-4726

David Siegel, Vice President & Treasurer
Tel.: (1) (212) 583-4783

Thomas J, Cahalane, Assistant General Manager, Administration 
Tel.: (1) (212) 583-4747

Barbara Sanderson, Assistant General Manager & Head of Credit
Tel.: (1) (212) 583-4752

Monique Cracolici, Vice President, Human Resources
Tel.: (1) (212) 583-4734

Grand Cayman Branch
c/o ABC New York Branch
277 Park Avenue, 32nd Floor
New York, NY 10172-3299

Tel.: (1) (212) 583-4720
Fax: (1) (212) 583-0921
Tlx: 661978 ABCNY
Robert Ivosevich, General Manager

New York Branch
277 Park Avenue, 32nd Floor
New York, NY 10172-3299

Citi Islamic Investment Bank 
[use the Contact Us form at the above link]

NOTE:  Hard to say if they're primarily funded via Middle East funds,
but I thought you'd like the contact, just the same.

Gulf International Bank

New York Branch 
Gregga Baxter
Branch Manager 
330 Madison Avenue
New York, NY 10017
United States of America
Tel: 1 212 922 2300
Fax: 1 212 922 2309

Hunter Capital Group, LLC 
P.O. Box 682 500 
Park City, UT 84068
Park City, UT 84068
Telephone: (+1-435-) 647 3835
Fax: (+1-435-) 647 5614 

Location: New York 
Address: 255, 5th Avenue New York, N.Y.10016, USA 
Telephone: +212 5458200 
Fax: +212 5450918 
Telex: 239881 MSHQ NY 
Swift: MSHQ US 33 
[email button is available at the above link]


40 EAST 52 nd street
NEW YORK, N.Y. 10022 U.S.A.
Tel.: (212)326-8000
Fax: (212) 755-6944
Tlx.: 666880

National Bank of Pakistan
Regional Office, New York 
100 Wall Street, 
PO. Box 500
New York, N.Y. 10005 
Tel: 212-344-8822
Fax: 212-344-8826
Telex: 232455 PAKBURB & 62652 NATPA

Riyad Bank

General Manager: + 1 713 331 2020
Marketing Manager + 1 713 331 2021
General information + 1 713 331 2001

Or, send us a fax on : + 1 713 331 2043
E-mail us on:

Olayan America Corporation (OAC)
505 Park Avenue
New York NY 10022
United States
Tel: (212) 750-4800
Fax: (212) 308-3654
[there is an email contact button at the link, above]

United Gulf Management Inc. 
176 Federal Street, Boston, Massachusetts 02110 
United States of America
Tel: +1 (617) 261 4922
Fax: +1 (617) 261 4924


I trust this list fully answers your question.  But if there's
anything else I can do for you, just let me know by posting a Request
for Clarification, and I'm at your service.



search strategy -- Google search on combinations of the terms:


Dubai International Capital

GEM Kinderhook 

Investcorp International

UIB Capital 

Wafra Partners

Request for Answer Clarification by inquisitiveguy-ga on 03 Aug 2006 06:42 PDT
Hi there.  Thanks for the fast response.  Unfortunately, only two of
the companies on your list -- Hunter Capital Group and Olayan Group --
are private equity (PE) firms.  The rest are banks.

I am specifically looking for PE firms, that is, for firms (or,
possibly, individual investors) that invest in projects or companies,
and which in this case are funded by money from the Arab Middle East
(i.e., from any Middle East country except Israel).

Could you please search further with these parameters in mind?  Thank you.

Clarification of Answer by pafalafa-ga on 03 Aug 2006 11:13 PDT

Thanks for getting back to me.

As far as I can tell, United Gulf Management Inc. on my original list
also meets your criteria as a private equity firm.

It's not always easy to tell apart banks from private equity firms, as
the former often set up the latter as subsidiaries or holdings.  Even
on your original list of companies, you include UIB -- the "B" is for
Bank -- and Arcapita, which also calls itself a bank.

Please allow me a few days to continue researching this, to see if I
can find additional firms to bring to your attention.  While there are
a growing number of investment and VC firms in the Middle East, there
appear to be very few with offices in North America.

I'll see what I can find...stay tuned.


Request for Answer Clarification by inquisitiveguy-ga on 03 Aug 2006 12:31 PDT
Yes, you are right about United Gulf Management. Sorry.

Also acceptable would be PE firms in the Middle East that have already
done some deals in North America and are looking to do more.  Having
said that, it's been our experience that PE firms based in the Middle
East are not comfortable doing deals outside that region.  It's our
belief that such firms that really want to do deals in North America
have set up offices here (e.g., Arcapita, UIB).

If you could get a final answer back to us by Monday evening, that
would be great.  Good luck!

Clarification of Answer by pafalafa-ga on 04 Aug 2006 13:49 PDT
Hello again.

I was able to come up with a few more firms, though I must admit, I
releaxed the criteria a bit in order to get as many as possible. 
These are all firms with North American offices, and a substantial
presence in, or involvement with, Middle East finances:

Hoda Abou-Jamra
CEO, Boston BioCapital, LLC

...Ms. Abou-Jamra is the CEO of Boston BioCapital, LLC, whose business
it is to support Venture Capital and Buy-Out firms, as well as Limited
Partners interested in the biotech and healthcare fields in connecting
with each other. It is a special focus of the firm to bring together
US, European, and Middle East players and establish continuing
relationships with Venture firms and LPs throughout these regions.

BioExec Ventures, LLC
One Broadway Street, 14th Floor
Kendall Square
Cambridge, MA 02142
Tel: +1 (617) 758-4188

MXV Capital

140 Broadway
New York, New York  10005
HarbourVest Partners, LLC

One Financial Center
44th Floor
Boston, MA 02111
Phone: (617) 348-3707
Fax: (617) 350-0305

[they have a significant prexence in the Middle East, though I don't
think the bulk of their funding comes from that region]
Colony Capital, LLC

1999 Avenue of the Stars
Suite 1200
Los Angeles, CA 90067
Telephone: (310) 282-8820

Colony Capital, LLC
660 Madison Avenue
Suite 1600
New York, NY 10021
Telephone: (212) 832-0500

Colony Capital
An Nahar Building
3rd Floor
Telephone: 9611-973-370


Emirates Towers
Floor 4 
Sheikh Zayed Road 
P.O. Box: 17000
United Arab Emirates 
Telephone: +971 4 3902100 
Fax: +971 4 3903818 
[existing North American investments include partnerships with the
Perella Weinberg]:

Perella Weinberg Partners LP 
767 Fifth Avenue New York, NY 10153
Telephone: 212.287.3200
Fax: 212.287.3201 

...Perella Weinberg Partners is a financial services firm based in New
York and London that will provide corporate advisory and investment
management services to clients around the world. Perella Weinberg
Partners has been established with a capital base of $1.0 billion to
both seed new investment opportunities and fund the operations of the
firm. The founder shareholders apart from Istithmar include Mitsubishi
UFJ Securities (Japan), GIC (Kuwait) and eight family investor groups.

Scimitar Global Ventures 

Scott Ogur 
Two Penn Center
Suite 200 
Philadelphia, PA 19102 
Tel: 610-768-8098 
Fax: 610-337-0997 

Zachary Venegas 
Capricorn Tower, 9th Floor 
Sheikh Zayed Road 
P.O. Box 75135 
Dubai, United Arab Emirates 
+9714 403 7100
Intel Capital Extends Global Reach 

...Intel Capital, the venture capital investment arm of Intel
Corporation, has embarked on a bolder, more proactive strategy
designed to enhance innovation worldwide...Intel Capital over the past
year announced the formation of a series of geographic investment
funds in India (US $250 million) , China (US $200 million), the Middle
East and Turkey (US $50 million)

Intel Capital
2200 Mission College Blvd.
Santa Clara, CA 95052-8119
Tel: 408-765-8080
Oasis Direct Ventures
...Private Equity - Oasis Direct Venture is the largest venture
capital partnership in the Middle East with a focus on U.S. venture
backed companies...Middle East Partnerships - Franchising, Licensing,
and Joint Ventures are a means of providing both established and newly
formed companies the opportunity to expand and develop throughout the
Middle East.

Queens Highway #1511
P.O. Box 34 East End
Grand Cayman
Cayman Islands, B.W.I.

[sort of North America!]

Office No. 306, 3rd Floor
Bldg. 3, Dubai Internet City
Dubai, United Arab Emirates

Telephone:  345 947 9557
Facsimile:  345 947 7955

I hope these new listings are a good match for what you're looking for.

Let me know if there's anything further I can do for you.


Request for Answer Clarification by inquisitiveguy-ga on 08 Aug 2006 13:35 PDT
Just wanted to thank you for your very thorough research.  You really
did an excellent job!  (Do I now have to initiate payment in some way
or were you paid automatically when you answered the question?)

Clarification of Answer by pafalafa-ga on 08 Aug 2006 13:59 PDT
Thanks very much for the kind's much appreciated.

There's nothing more that you need to do at this point, but I hope
we'll see you back at GA one day soon.

inquisitiveguy-ga rated this answer:5 out of 5 stars
Judging by the answer provided, this person appears to be an
exceptional internet researcher.

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