Black Pearl Capital closes its first private equity fund

Black Pearl Capital, an asset management and advisory firm, has closed its first private equity fund with a committed capital of USD50m.

The Black Pearl Capital Partners fund will be the first in a series of private equity funds raised by the firm to take advantage of opportunities in various industry sectors.

Proceeds of the fund will be used to invest globally in growth sectors and distressed situations where it can add value.

The fund expects a two to three year investment period with a five to seven year exit.

Reza Irani-Kermani of Black Pearl Capital, says: "We are extremely pleased to have launched our first private equity fund. We are excited by the opportunities we are seeing at the moment and extremely positive about the outlook. We are looking at a number of investments currently, across several industry verticals."

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