WALID HANNA I CEO I MEVP
As previously discussed, we’re seeing overall improvement in the trajectory of venture capital investment in MENA driven by a population that is catching up the developed world technologically-speaking. Moreover, key verticals are now reaching a point of maturity where exits begin to take place. We believe allocation to the VC class (from family offices, asset managers, etc.) will continue to grow for the foreseeable future as macro trends drive up the value of regional startups, which in turn drives growing number of exit opportunities across the region, which leads to LP investments in existing funds materializing.