Infrastructure & Growth Capital Fund L.P. (IGCF)

IGCF closed in December 2007 with total commitments of US$ 2 billion, making it the largest private equity fund focused on the MENASA region. Within 12 months, the Fund had made 11 investments, bringing total deployment to more than 90 percent of its capital. In July 2008, the Fund distributed US$ 300 million to its Limited Partners, equivalent to 15 percent of its capital. The Fund continued to perform well during 2010 with a positive net asset value as of December 31, 2010. This was in part due to Partner Companies operating in fundamentally strong and defensive sectors, such as healthcare, energy and education that continued to benefit from structural under-supply and pent-up demand.