Alef Capital, a Cayman Island based investment management firm, has launched the Alef Mena Value Fund.
Hossam Shobokshi, head of Alef Capital, says: "The Mena markets offer some of the most interesting value investment opportunities in the world today. There are a good number of well managed and positioned companies trading at good discounts of the possible range of their fair values.”
The fund focuses on partnering with investors that exhibit demonstrable business acumen and experience, a heritage of ethics, modesty, and long term patience.
"It is almost as if Alef Capital has created a new and unique asset class all together here. It is an asset class that sits exactly between public and private equity – we call it private public equity. We truly combine the best of both worlds. From the public equities world we follow low fees, better transparency, simple structures, and relative liquidity and from the private equity world we adhere to a focused portfolio, low turnover, solid knowledge of the underlying businesses, and potential relative influence on the portfolio companies as a result of having meaningful ownership stakes," says Shobokshi.
