Arcapita closes $200 million facility with Standard Chartered
V. Shankar, Chief Executive Officer of Standard Chartered Bank for Europe, Middle East, Africa and Americas commented, “Standard Chartered has built a close relationship with Arcapita over several years and we know their business well. The past 18 months have been difficult for all asset managers. Those such as Arcapita, managing portfolios with longer term maturity profiles, have faced particularly demanding conditions. We have been impressed by the way Arcapita’s management team has tackled the considerable challenges presented, demonstrating the resilience of the organization and the value of their strong network of relationships in the GCC. We are satisfied that the adaptations they are making to their business model will be effective in moving them back towards growth, and we are pleased to support this goal with this facility.”
