TNI’s head of PE departs

Yahya Jalil, a managing director and head of private equity at Middle Eastern investment management and advisory group The National Investor, has left the firm to pursue other opportunities.

The National Investor’s head of private equity, Yahya Jalil, has left the firm after a six year tenure.

Jalil, who announced his departure in an email seen by Private Equity International, was responsible for making investments in companies throughout the Middle East, North Africa and South Asia (MENASA) region, with an emphasis on companies that have a strong business presence in the GCC countries. A TNI spokesperson was unable to comment.

Jalil wrote: “As some of you are aware, after six productive and highly satisfying years at The National Investor, I am moving on to a new opportunity. This was not an easy decision, having spent these years building out TNI’s MENA mid-market private equity franchise from the ground up – a franchise that remains near and dear to me.

I believe TNI today is in a strong position having weathered the stormy markets and rough economic conditions of the past three years without slipping into unprofitability

Yahya Jalil

“More importantly, the decision to leave has been a tough decision because of the kind of people I have had the privilege to work with – most significantly chief executive Orhan Osmansoy and the senior management of the firm, who represent some of the finest professionals I have worked with.”

He explained that after raising and fully investing the firm’s maiden fund, the 2006-vintage GCF 1, and hit a first close for its second fund, Etqaan Shariah Opportunities Fund last August, the firm was well positioned for future growth.

TNI’s private equity group has made six investments and completed two full exits, achieving 49 percent and 27 percent internal rates of return respectively. A third partial exit has generated a 40 percent IRR.

“These numbers, of course, need to be contextualized against the backdrop of the broader firm performance, and I believe TNI today is in a strong position having weathered the stormy markets and rough economic conditions of the past three years without slipping into unprofitability, thanks to its prudent management style, and is well poised to grow as markets recover,” Jalil added.

Jalil had represented TNI on the boards of Colliers International UAE, and NAS Administration services, as well as on various special purpose vehicles managing TNI’s investments across the GCC.

Prior to joining TNI, Jalil worked in New York at Jefferies & Company, Credit Suisse and latterly GE Capital’s private equity group.