Emerging Markets Private Capital

Pioneering private investments in emerging markets

Emerging Markets Private Capital at Janus Henderson encompasses multiple strategies spanning private equity, private credit, and real estate, all concentrated in emerging markets (with an emphasis on MENA). The team, based in Abu Dhabi, currently manages four private equity and private credit strategies across these areas. Each strategy targets a different niche, but benefits from the team’s overarching regional expertise and network.

Past performance does not predict future returns. The value of an investment may go down as well as up and you may lose the amount originally invested.

Emerging Markets Private Capital team at a glance


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2006

Foundation year

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$1.1 billion in historical capital commitments

Capital commitments

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19 years of performance

Track record

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Advised on 40 companies with 30 successful exits

Investment milestones

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Pioneered the MENA region's first dedicated private credit vehicle

Innovation

Source: Janus Henderson Investors. As of 6/30/25.

Our Competitive Advantage


Leading private credit investor in MENA region
Pioneered MENA private credit through launch of first-generation fund at the height of GFC and launched region’s first institutional Shari’ah-compliant private credit fund
Long tenured senior leadership team with over 10 years of working together
Cross-border specialist
Experience in navigating the complexities of local technical nuance across multiple MENA countries
Robust origination network
Institutional ownership with strong governance standards
Entrusted by leading regional LPs

A history of growth and innovation

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A tradition of innovation

Innovation is at the core of what Janus Henderson offers. As part of NBK Wealth, our Emerging Markets Private Capital team introduced the first private credit vehicle in the Middle East fifteen years ago.

Investing in a brighter future together

With the emerging markets arena still largely untapped by private capital, our Emerging Markets Private Capital Team aims to tap the evolving opportunities in emerging economies and bring differentiated private investments to clients.

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Private Equity


Since inception of our private equity strategy in 2006, we have advised on three funds focusing on middle-market companies headquartered in MENA and Turkey. We have advised on fund investments, supporting various types of investments for institutional investors, including buyouts or partnerships with family-owned businesses, growth capital for organic growth initiatives, and equity capital for industry consolidation.

Real Estate


Our regional real estate fund was launched in 2016 with an objective to provide stable rental yield to institutional investors seeking exposure to regional commercial real estate. Our inaugural real estate fund was structured to comply with the Shari’ah principles through sale-leaseback transactions focused on core defensive sectors.

Private Credit


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Our Emerging Markets Private Credit capability provides privately negotiated secured debt to middle market corporate borrowers across various sectors. The proceeds of private credit financing can be applied towards growth capital, acquisition financing and buyouts, balance sheet refinancing or dividend recapitalization. We have the flexibility to invest across the capital structure through conventional or Shari'ah-compliant debt structures or hybrid securities.

Emerging Markets Private Capital team


With over a decade of investing experience in the MENA region, we have been successful at driving value for our investors and portfolio companies by combining cultural understanding with our deep knowledge of regional business dynamics and regulatory frameworks.

Yaser Moustafa

Head of Emerging Market Private Investments

Mirsaid Kupuev

Executive Director

Sikander Ahmed

Head of MENA Private Credit

Erdem Kilic

Principal

Tamer Karam, CFA

Executive Director

Join us on our journey to explore, innovate, and lead in the realm of private investments across emerging markets.

Contact us