Abu Dhabi's Gulf Capital raises $175 mln for second credit fund

January 7, 2016 8:41 AM

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ABU DHABI Jan 7 Gulf Capital has raised $175 million for the first closing of a new credit fund, and aims for a final close of $250 million, the Abu Dhabi-based private equity firm said on Thursday.

The fund, Gulf Credit Opportunities Fund II, expects to make up to 12 investments of $15 million to $30 million each during its 10-year life. A credit fund structures its investments as private debt rather than equity.

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