MFC’s track record in private equity dates from 2006 when we established Millennium Private Equity (MPE), which has been spun-off in late 2009. MFC has successfully raised USD 450 million for three funds: Global Energy Fund (USD 200 million), Telecom & Media Technology (USD 150 million), and a dedicated India Fund (USD 100 million), which have been seeded by leading GCC institutions. Those funds constituted the start of a larger family of sector focused funds, geared towards key industries in the region.
MFC’s new private equity offering currently includes a dedicated Sub-Saharan Fund and a Gold Resources Fund.
- Launch of a USD 5 billion family of private equity funds
- Anchor investors / sponsors are: DIB, KIPCO, KFH and Islamic Development Bank
- First investment of USD 100 million in Bharti Infratel alongsidewith Temasek, Goldman Sachs, KKR, MIIF and other first-class international investors (Sponsor: Investment Corporation of Dubai)
- Other investments to date:
- Turin Networks
- Friendi MVNO