Iraqi Bank Plans PE Fund
A state-run Iraqi bank is planning a $500 million private-equity fund to invest in projects to rebuild the country, Reuters said. Trade Bank of Iraq plans to bring on a global partner to act as general partner on the fund. Formed in 2003, the bank also plans to open branches this year in London and Beirut, and eventually in North America and Asia.
Bycnolan
3 March 2011•3 mins read
