Gulf Capital is taking companies in its portfolio East as the Abu Dhabi-headquartered private equity firm bets on growth in Asia to outperform U.S. and European markets, its chief executive Karim El Solh said on Wednesday.
Gulf Capital, which manages more than $2.5 billion in assets, has been expanding its companies’ exposure to Asia through organic growth, joint ventures and new market entries, El Solh told reporters.
The firm, a big investor in healthcare, technology, fintech and business services, navigated the pandemic well, with its investments growing during the health crisis, he said.
“We are just looking at the latest financial results, as of September 31, across all our portfolio companies our profitability is up 74% on the previous year.
Read more/Source: Reuters
