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Gateway Partners Mulls Deals for $757 Million PE Fund

  • Fund has deployed 65 percent of capital in emerging markets
  • Company is seeking returns of 2.5 to three times capital
Saudi Arabia Daily Life As Consumer Spending Weakens
Photographer: Simon Dawson/Bloomberg

Gateway Partners Ltd., the private equity company led by former Standard Chartered Plc banker Viswanathan Shankar, plans to fully invest its first $757 million fund within the next year and is working on deals in Saudi Arabia, the United Arab Emirates and Egypt.

The fund has deployed about 65 percent of capital in 10 deals in countries such as Indonesia and Nigeria, partners Iyad Malas and Anil Dua said in an interview in Dubai. Its also exited one investment and partially exited two, earning returns of about 25 percent, they said.