Acumen aims to establish EGP 100 mn private equity fund

INVESTMENT WATCH- Acumen Holding will is looking to raise an EGP 100 mn education- and health-focused private equity fund in 2Q2019, Chairperson Rana Adawi tells Al Mal. Acumen will be raising funds from limited partners in the local and Gulf markets, but will be the primary contributor of capital as general partner, Adawi said. Other industry-specific funds could be in the works if the education and health offering pans out, she suggested. The firm is also looking to hike AUM at its asset management business by 50% to EGP 2 bn.