Data & Intelligence

Middle East Data Insight (Year-End 2018)

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Managers deployed USD516 million in the Middle East in 2018, representing a 102% year-over-year increase. Deal count in the region also improved slightly, rising from 24 deals in 2017 to 26 in 2018. The evolving destinations for Middle Eastern private capital reflect the region’s ambitions to diversify and modernize its economy. The largest disclosed deal of the year was Gulf Capital’s USD267 million investment in Saudi fintech company Geidea—which also represents the largest disclosed non-energy investment recorded by EMPEA in the Middle East. Furthermore, investment in the region’s software & computer services sector climbed to USD127 million through eight deals, largely due to General Atlantic’s USD120 million investment in UAE-based real estate platform PropertyFinder. Despite the burgeoning tech economy, concerns about governance and due diligence in the region may be blunting investors’ enthusiasm for Middle East-focused funds, with only USD91 million raised through two vehicles in 2018. However, a seven-year high of nine disclosed exits in the Middle East could create positive momentum for managers hoping to raise capital in 2019.

EMPEA represents the leading global investors in EM. I look forward to working alongside to drive much-needed capital for financing entrepreneurs and businesses worldwide.

Renuka Ramnath | Founder, Managing Director & Chief Executive Officer, Multiples Alternate Asset Management Private Limited

EMPEA plays an important and energetic role across the markets it represents, driving outreach and research initiatives, and promoting the role of private capital.

Brian Lim | Partner and Head of Asia and Emerging Markets, Pantheon Ventures

The developed markets have no equivalent to the role EMPEA is playing as a convener and source of trusted information in the emerging markets.

David Rubenstein | Co-Founder and Co-Executive Chairman, The Carlyle Group

I’m honored to join fellow industry pioneers in the leadership of an unparalleled network, filled with first movers, shaping the future of industries and communities.

Dr. Andrew Kuper | Founder and CEO, LeapFrog Investments

EMPEA's market and industry intelligence opens doors to new sources of capital.  I look forward to the future success of EMPEA and its members.

Torbjorn Caesar | Senior Partner, Actis

While there are certainly challenges for the industry, the opportunities abound in our target markets and globally, making a global association like EMPEA more relevant than ever.

Drew Guff | Managing Director & Founding Partner, Siguler Guff & Company