Delta Capital closes Mena Telecom Fund

DUBAI — Delta Capital has announced the initial closing on February 28, 2007of its MENA Telecom Fund.

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Published: Thu 15 Mar 2007, 9:00 AM

Last updated: Sat 4 Apr 2015, 10:51 PM

Due to strong demand from investors from across the region, Delta Capital has been able to reach its target commitment of $75 million earlier than expected. The fund closing, initially targeted for March 31, 2007, was moved up to start executing on a very strong pipeline of investment opportunities. In addition, it was decided to increase the size of the MENA Telecom Fund to a maximum of $100 million in order to accommodate this increased investor demand, with a second and final closing to be held on March 31, 2007. As part of the commitment, the partners and employees of Delta Capital and Delta Partners are investing $7.5 million in the fund.

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