Gateway Partners eyes investments in Egypt, UAE, Saudi as it looks to fully invest USD 757 mn fund

INVESTMENT WATCH- Private equity firm Gateway Partners is eyeing opportunities in consumption-driven markets including Egypt, the UAE, and Saudi Arabia as it looks to fully invest its USD 757 mn fund over the coming year, Bloomberg reports. The company, which typically invests USD 50-75 mn from its own balance sheet in every transaction, has already committed 65% of the fund’s capital to emerging markets. “As populations grow and more importantly, as middle classes expand, there will be strong consumption demand, whether in confectionery or in healthcare or housing,” Partner Anil Dua said in an interview. The eight-year fund looks for yields of 2.5-3x its capital.