Saints Capital and Bliss Capital Bring Direct Secondary Investment to the Middle East
Sep 12, 2012
Saints Capital, one of the world’s leading direct secondary investment firms, has partnered with Bliss Capital, a newly formed MENA based investment manager, which will provide direct secondary investment management in the region. Bliss Capital focuses on managing portfolios of assets directly held by private equity investors, family offices, banks and corporations. Bliss’s target transactions size range between US$ 50 million and US$ 300 million across various industry sectors.
Headquartered in San Francisco and founded in 2000, Saints is one of the most experienced and largest direct secondary investor in the United States. Saints has completed over 100 transactions with investments in over 200 portfolio companies across a diverse range of industries. Saints and Bliss launch their strategic partnership, combining Saints’ pool of capital, network of co-investors, and experience in structuring and executing complex direct secondary transactions, with Bliss’s deep knowledge of the MENA markets and strong access to regional players.
Ken Sawyer, managing director at Saints said: “Clearly the alternative asset industry in the Middle East is undergoing substantive changes and we believe there will be opportunity to provide solutions to limited partners, general partners and family offices investing in the asset class. By partnering with Bliss Capital we can begin to offer both investment opportunities and liquidity options that are today currently available to US and European investors.”
In a joint statement Bliss Capital’s managing directors Razmig Boladian and Paul Khoury announced: “We are glad to be among the first firms in the region dedicated to this new asset class. Our regional approach is focused on providing liquidity, investment opportunities and value-added portfolio management solutions to investors in portfolios of private companies. We are looking forward to working with local family offices, funds and corporations and to servicing investment needs in the MENA region.”