VOL. XLVI

No 12

24-March-2003

CAPITAL MARKETS

HSBC Private Equity Fund For GCC Investment Attracts $118Mn

HSBCs first regional private equity fund, the HSBC Private Equity Middle East L.P, created specifically for investment in the GCC, has attracted total commitments of $118mn, announced HSBC on 17 March. Bankers noted that the interest is testament to the appetite for GCC investments, despite the regional uncertainties related to the US strike against Iraq. Of the $118mn, $85mn has been...