New Iraq Hedge Fund

[Baghdad_man]

There have been stories in financial media about Northern Gulf Partners setting up a new Iraq hedge fund. Not much info on their website www.northerngp.com (http://www.northerngp.com/) but they seem to be based in Baghdad, NY and London.
Anyone know anything about them?

[mr.right]

You should also check out The Ameraq Fund. The e-mail address is bbm@onebox.com. While I haven't invested in it yet, I believe it's worth looking into as well. You have to dig, but you should be able to find good financial analyses of it. The founder of the fund is an economics and finance whiz and former Navy Seal. He has a few businesses in Iraq and has recently been awarded an accommodation by Warka Bank for being an outstanding financial advisor to them. Do your homework and PM me to let me know what you think.

http://www.ameraq.org/bbmone/services.php (http://www.ameraq.org/bbmone/services.php)

It's not the most user-friendly of websites, but if you just call the phone number, or e-mail the fund for a prospectus to get general info, you can get all you need to make an informed investment decision. When I get more serious and as soon as I get some spare coin, I'll most likely be investing there myself. All the best,

Mr. Right

[Hedge Fund Lawyer]

Iraq hedge funds are becoming more popular. If you are thinking of starting an Iraq focused hedge fund, please contact us for more information on hedge fund start up (http://www.hedgefundlawblog.com) processes.

[diamondback]

CNBC Video Live from the Washington Investment Conference
http://www.northerngp.com/documents/FG/ngp/press/763_BBULL-BLOOM.mov

http://www.northerngp.com/cgi-bin/markets

http://www.northerngp.com/documents/FG/ngp/press/791_PE_Insider_11_Nov_09.pdf

Launch Q1, 2010


New York Firm Pitches Iraq Play

A New York firm is preparing to raise money for its debut
private equity fund, which would invest growth and expansion
capital in Iraq companies.
Northern Gulf Partners has set a $200 million target for the
vehicle, which is believed to be the first sizeable private equity
fund geared toward deals in Iraq. It has been getting the word
out to prospective backers in the U.S. and elsewhere, and is
expected to commence formal marketing efforts early next
year. Guggenheim Partners is likely to serve as placement
agent.

Northern Gulf, headed by managing partner Christopher
Ruth, plans to look at prospective investments in a variety of
sectors, but will probably focus on financial services, healthcare,
natural resources and consumer products. It would
deploy around $10 million to $30 million per deal.
The firm, founded in 2003, hopes to take advantage of the
fact that Iraq’s infrastructure is in need of extensive rebuilding
after years of war. With a new government in place, it sees a
unique opportunity to work with local startups that are looking
for foreign capital. The outfit touts itself as having a number
of strong relationships in place in Iraq. v

[Major Payne]

Thank you diamondback this is a great idea to look into. This article is a keeper.