1、MENAPrivate Capital BreakdownH22025H2 2025 MENA PRIVATE CAPITAL BREAKDOWN2ContentsInstitutional Research GroupNalin Patel Director,EMEA Private Capital Research Published on 9 March 2026Introduction 3Dealmaking 4Exits 9Fundraising 11H2 2025 MENA PRIVATE CAPITAL BREAKDOWN3IntroductionDealmakingMENA P
2、E dealmaking set a new benchmark in 2025.2025 marked the fourth consecutive year of PE deal activity growth in the MENA region,a clear indication of rising interest in the asset class.Diving deeper into what caused new records to be set,a selection of large IT deals took place throughout the year.In
3、vesting in tech-enabled businesses is at the forefront of thinking at the moment,not only in the MENA region but globally,as AI development accelerates.Meanwhile,our data shows that cross-border PE deal activity has been a fundamental driver of growth within the MENA region.The impact of MENA invest
4、ors on global private markets cannot be underestimated.Their growing influence across a variety of sectors outside the MENA region underscores their efforts to compete on deals,diversify portfolios,and drive growth.While no new records were set in the VC ecosystem,2025 was a resilient showing that r
5、eversed the downward trend influencing VC investment since 2022.The mixed picture is indicative of VC at the moment,in which we are seeing a separation between companies struggling and those growing rapidly as more capital flows into fewer deals.Sustained growth in the Saudi VC ecosystem was confirm
6、ed in 2025,surpassing Turkey and narrowly missing out on the top spot to the United Arab Emirates(UAE).ExitsActivity bounced back in 2025 across PE and VC,and a bumper Q4 ensured the year finished on a high.The 2025 showing was the second strongest in terms of value and volume over the past decade a