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mln dollars: Trade Bank of Iraq’s private equity fund |
For some, Iraq is one of the world’s few markets where prospects seem brighter than a year ago. With violence having subsided somewhat, lower oil revenue has encouraged the government to seek foreign investment more actively.
Private equity practitioners in particular seem to think they have a better chance to assist in the reconstruction requirements of the country, with its young and relatively well-educated population, and the Middle East’s third-largest oil reserves. A number of western fund managers are setting up new private equity funds focusing on Iraq. London-based private equity firm Merchant Bridge already derives about a third of...
