Saudi Arabia leads Middle East private-capital fundraising, BlackRock says

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RIYADH: Saudi Arabia accounted for about 61 percent of Middle East-based private-capital funds closed since 2015, underscoring the Kingdom’s growing role in the region’s private-markets ecosystem, according to a new analysis. The report, released by BlackRock’s Aladdin and based on Preqin data, showed that of the 590 funds closed across the Middle East since 2015, 359 were based in Saudi Arabia, more than twice…