GCF I Strategy

TNI Growth Capital Fund I (GCF I)

TNI’s GCF I is a late stage growth and buyout fund launched in 2006 that makes equity investments into companies throughout the Middle East, North Africa and South Asia, with an emphasis on companies that have a strong business presence in GCC countries. GCF I invests in companies with predictable cash flows that support sustained growth, and targets a broad range of sectors with high growth potential, including consumer and retail, industrials, transport and logistics, healthcare, education, financial services and telecom & media. In addition, the Fund intends to invest in companies that have strong management teams. The management teams of the Fund’s portfolio companies demonstrate strong managerial and operational skills and extensive market and industry knowledge, in addition to the desire to grow the business and benefit from significant equity or equity-linked performance incentive structures.

To date, the fund has invested in five companies, including Depa United Group, L’Azurde, Dubai Contracting Company, Emaar MGF and Project Intensity. The Fund has had several exits and has delivered an aggregate IRR of 78%.

TNI Growth Capital Fund I Strategy		Geographic Focus
		Primary Market     Secondary Market Tertiary Market
Growth Capital   Majority Buyout   Minority Buyout Fresh injection of capital in companies looking to expand operations TNI's investment into DEPA and Emaar MGF are good examples of this type of investment. Suitable for family owned businesses where certain shareholders are looking to exit. TNI plays an active role in the post acquisition operations and strategy TNI's investment in L'Azurde is an example of this type of investment. Suitable for large size established companies requiring minimal active management and where certain shareholders are looking to exit. TNI's investment in DCC is an example for this type of investment