Growing Opportunity For US Fund Managers In The Middle East

Ocorian, the specialist global provider of services to financial institutions, asset managers, corporates and high net worth individuals, hosts an expert panel discussion with Mayer Brown on how Shariah-compliant feeder structures can be a relatively straightforward and inexpensive way for US managers to attract capital into their existing funds.

The Middle East has long been associated with ultra-high net worth (UHNW) individuals, and that population is set to surge by 24.6% in the next five years, with Saudi Arabia poised to become home to 72 billionaires and the United Arab Emirates home to 42. Preqin currently counts 262 single and multi-family offices in the region, with an estimated $2tn due to be passed from the current generation to the next in the GCC alone. This presents a significant opportunity for overseas fund managers to access capital in the Gulf and build a presence in the region.