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Private Equity Jobs in UAE: Opportunities in Dubai

PE jobs in UAE

UAE (United Arab Emirates) has one of the most flourishing economies globally, and it continues to grow.

The bustling city of Dubai provides unparalleled opportunities for PE firms to establish themselves in one of the world’s most developed cities.

We will discuss how the world sees Dubai in terms of setting up private equity firms and how the wealthy investors see UAE-based PE (Private Equity firms as their option to make investments through.

Dubai-based private equity firms and employment opportunities offer finance graduates from all over the world.

According to Statista research, the number of VC (venture capital) deals raised by UAE-based startups in 2018 amounted to an overwhelming number of 366. A whopping 893 million US dollars got raised in venture capital the same year.

The unique factor, or USP, of Dubai, is that it has been among the fastest-booming economies for many years.

By the end of this year, UAE’s GDP will grow sky high, to USD 375 billion, as per expert opinions and forecasted by the Trading Economics global macro models.

Overview — PE Market in UAE and Dubai

PE market

The legal status of pre-seed startups in MENA (the Middle East and North Africa) region in 2020. Statista

The national. ae, a reputed private English daily newspaper published in Abu Dhabi, the PE market in MENA (the Middle East & North Africa) has had struggled of late.

However, investment opportunities have increased by manifolds. The Great Recession of 2008-09 saw UAE’s private equity market surviving comfortably amid the crisis.

Excluding the disappearance of a small percentage of PE firms that could not cope with the heat brought by the recession. But, in the last few years, the public markets have overshadowed or outperformed the private equity sector.

The biggest roadblock to the growth of private equity firms in the UAE is the sudden emergence of too many firms in the PE sector of late.

Investments from Dubai’s Private Equity Firms

However, the number of investments made by Dubai’s top private equity firms has soared up in the recent past; contrary to that, some disappointments have been observed concerning PE in the said geographical region.

A few of such challenges faced by the best private equity firms based in UAE comprise a non-compatible geopolitical environment, continuous change in oil prices, and decreased federal spending.

Despite all of this, MENA’s geographical region is among the fastest-growing when it comes to gauging the median annual growth of GDP.

Services Offered by Dubai’s PE Industry

There are a limited number of services that get offered by the UAE-based private equity industry.

Compared to a wide range of services offered by its American and European counterparts, especially the US private equity firms.

Because the funds are lesser, the kind of services they offer is different than traditional funding.

You can make a private equity career in Dubai across three sub-divisions of PE.

Advisory Services

The number of funds available to private equity investment professionals in Dubai PE firms is less, but business relationships in the private equity sector matter the most.

The syndication and advisory services in the Dubai PE market are fully customizable and can solve customers’ financial issues.

Private equity firms, under advisory support — offer a significant range of services. The services include those from mezzanine and equity transactions to debt structuring. The general advisory service has all services available on demand.

Private equity professionals working in the Dubai PE market maintain healthy professional bonding with top financial institutions and investment banks globally.

Capital Advisory Assistance

Under the sub-division of Capital Advisory Assistance of PE, the services of Dubai-based firms offer major advisory services to Indian firms that seek to expand in the Middle East region.

The Capital Advisory Assistance helps as people consider Mergers and Acquisitions (M&E) deals.

Alongside offering assistance to the Indian businesses, PE firms in Dubai cater to small firms located within Dubai and the Middle East looking for expansion inorganically.

Funds Distribution

Dubai-based private equity firms are mostly MENA-region locale — but they’re regularly seeking investment growth opportunities.

The PE companies of UAE know how to make the commission or cut-it when offering advisory support. The Funds Distribution knows precisely what investors to tap onto.

The prospects PE firms of Dubai regularly seek comprise insurance firms, pension funds, large family-held assets, financial bodies under GCC (Gulf Co-operation Council), and sovereign wealth funds.

Top PE Firms of Dubai

Top Private Equity Firms based in Dubai:

  • Gulf Capital
  • CedarBridge Partners
  • The Abraaj Capital
  • NBK Capital Partners
  • Ithamar Capital

Recruitment Methodology for PE in Dubai

When seeking a position with a private equity job in Dubai or UAE, there is a protocol-process to land your perfect PE job.

Cover Letter and Resume

The first step to applying to a specific PE firm:

  • Go to the company website and find out as much about this company as possible.
  • Are you a good fit for them?
  • Find the Career section and look for HR’s email ID.
  • Send your detailed resume along with a cover letter to the HR email.
  • Ensure that your CV or resume is not more than two pages.
  • Similarly, have a precise and to the point cover letter.
  • Send these two documents to your preferred private equity firm.

Interview Shortlisting

Only 5-10 percent of all applications get shortlisted for personal interviews.

To make it to the short listings — you should give due consideration to what’s written on the “career” page of your chosen PE firm’s site.

Interview Rounds

First Round

The top-notch private equity firms in Dubai usually assign a recruitment agency for the initial round in the interview process.

The agency will conduct your first round of interviews in which your suitability for the job will be judged.

If the recruiter finds you suitable for the company, you will be sent to the next rounds of interviews for further testing.

Second Round

In the second round, you will be interviewed by the solicitor and partner of the PE firm. In the second round, you will be asked a few personality-related and technical questions.

If you qualify for this round, you will go to the next round, in which you will get to meet the HR and the MD of the firm.

Third Round

The third round is your final found. Generally, if you pass this round, you have a good chance of being hired by the firm.

PE Salaries in UAE

The Payscale of a private equity analyst in the UAE earns a median annual pay of AED 200,000.

CPEP (Chartered Private Equity Professional) Certification for those hoping to be hired as a PE Professional

CPEPâ„¢ by USPEC (the United States Private Equity Council).

This body of professionals is a globally-recognized accreditation body in the private equity sector. The CPEP by USPEC is one of the most valuable and industry-relevant professional certifications available to be acquired by the PE aspirants in recent times.

Founded on the world’s most powerful USPEC IFIS™ framework, the CPEP™ credential in the private equity sector has gained widespread prominence.

These professionals are among finance graduates and early-career PE professionals worldwide.

Check out applicability and candidacy for the PE certification before applying on the USPEC’s website.

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Less Data Transparency Means Less Investor Trust

data transparency

The business world can take two lessons away from the countries that have been most successful in fighting COVID-19. Data operations, data transparency and clear communications matter. Those are particularly important lessons for asset managers that need trust almost more than anything else right now.

Singapore and data

Singapore’s initial response to the coronavirus (COVID-19) has been among the better in the world, though they are not out of the woods by any stretch.

Attention has been focused on what decisions Singapore, as well as South Korea and Taiwan, have made, and when they were made. But more attention should be paid to how those decisions became possible, and how they have been communicated. That is true for how these countries and their businesses approach economic contagion as well.

In many cases, efficient data operations have been the “how.� It’s a lesson other governments and businesses can learn in order to try to catch up to what is happening now, what will happen next, and what can happen after that.

Data operations

A review in The Lancet found that Singapore’s data and information handling during the pandemic has been superior relative to the rest of the world. South Korea has admirably rolled out testing and used geolocation data to identify whom to test.

China is faulted for not moving fast enough early enough. Transparency continues to be a concern. But once in motion authorities used mobile apps to support 14-day quarantines and infrared cameras in train stations to quickly identify travelers with fevers. Chinese authorities have to work hard to regain trust. Fears that something is being hidden will turn into more problems.

Contrast that progress with Europe, where cases in Italy have surpassed those in much-bigger China. European authorities have been called bureaucratic and often technophobic.

Transparent communications

It’s not just how data operations have enabled decision-making. It is how information is shared rapidly, clearly, consistently, and in detail.

We’re faced with a public health crisis where well organized and transparent data is crucial. Poorly organized data, shared inconsistently, leaves a vacuum filled by conspiracy and fear.

South Korea quickly deployed a central tracking app that publicly informs citizens of cases within 100 meters of their current location. Koreans have embraced clear and credible access to information. They want to make informed decisions. Citizens want data transparency. They don’t want hidden realities.

Taiwan has shared details quickly and openly with an analysis of COVID-19 mortality rates. These efforts provide every citizen with a war room dashboard that allows them to feel that nothing is being hidden. Singapore releases detailed information on each COVID-19 case.

Lines of communication

There has been a longstanding fear in the asset management world of allowing too much transparency. Nobody wants investors trying to grab the steering wheel. Due diligence to earn investment in the first place is one thing. GPs suffer frustration if the questions keep coming after the money has changed hands.

Allocators have built up their own data teams. They’ve pushed for more data, faster. To keep up funds and fund administrators have learned to build dashboards and to automate. But it hasn’t been with enthusiasm. There is a worry about setting expectations for data sharing that the fund will regret later.

When there’s no good news, there is anxiety over what the LP will believe they see in the data.

Funds will do better when they show trust first, share data, and have established the infrastructure to offer transparency. Asset managers will be in for more trouble than they’ve bargained for if they don’t fight disinformation with reliable data.

Image Credit: Savvas Stavrinow; Pexels

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