Gulf Capital, a thematic alternative investment firm investing across the GCC and Asia, has reported record profitability results for its private equity portfolio over the 12 months ending Q3 2021.
The fair value of Gulf Capital’s USD750 Million GC Equity Partners III (Fund III) soared by 67 per cent in the last twelve months, fuelled by the record profitability of its underlying portfolio companies. This strong performance is a direct result of Gulf Capital adopting a thematic investment approach in 2015 and investing early in the sectors of the future, namely technology, fintech, healthtech, healthcare, business services, and sustainability.
This thematic investment approach is yielding strong dividends with Fund III portfolio companies reporting, on average, revenue growth of 28 per cent over the last year and a remarkable surge in profitability (EBITDA) of 83 per cent year on year. Ranked by sectoral performance, the fastest growing investments were those in the fintech sector (with EBITDA profitability up 109 per cent year on year), healthcare (up 74 per cent), technology (up 54 per cent), sustainability (up 31 per cent) and business services (up 23 per cent) respectively. Most portfolio companies have exceeded their pre-pandemic 2019 profitability and, in fact, are accelerating their growth in the current environment.
