NI Capital to form private equity fund in 2H17

State-run NI Capital plans to establish a private equity fund in 2H17, sources tell Daily News Egypt. The move is part of a wider expansion into private equity by the National Investment Bank subsidiary which would see it invest in a number of different sectors, the sources added. NI Capital is taking a leading role in a number of key government-led economic initiatives, including the IPO of state-owned enterprises and the formation of companies to manage the three Siemens power plants.