GEORGE TOWN, Grand Cayman, Cayman Islands, Sept. 1 /PRNewswire/ -- Black Pearl Capital (BPC), a specialist asset management and advisory firm, announces the closing of its first private equity fund with a committed capital of USD $50 million.

The "Black Pearl Capital Partners (BPCP)" fund will be the first in a series of private equity funds raised by BPC to take advantage of opportunities in various industry sectors. Proceeds of the fund will be used to invest globally in growth sectors and distressed situations where it can add value. The fund expects a 2 to 3 year investment period with a 5 to 7 year exit.  

Fareed Asadi (Chairman) said: "We are extremely pleased to have launched our first private equity fund. We are excited by the opportunities we are seeing at the moment and extremely positive about the outlook. We are looking at a number of investments currently, across several industry verticals."

SOURCE Black Pearl Capital