Gulf Capital has raised $222.5 million in a third close for its GC Credit Opportunities Fund II. The Abu Dhabi-headquartered firm began fundraising in 2015 with a $250 million target.
Its previous fund raised $221 million in 2012.
Investors that committed to GC Credit Opportunities Fund II include the International Finance Corporation
The fund will target subordinated/mezzanine debt opportunities in corporate sectors in the Middle East.