Gulf Islamic Investments is pushing to scale its private equity platform, aiming to triple assets under management to $10bn by the end of the decade, according to Bloomberg.

The Dubai-based firm is exploring ways to raise up to $400m in the near term through a capital increase and the issuance of Islamic debt. It is also considering acquisitions of rival financial firms and has held early discussions with a regional shariah-compliant mortgage provider.

Founded in 2014, GII has deployed more than $1bn over the past four years across private equity, real estate, and private credit. The firm typically co-invests 20% to 30% of equity in its transactions, sourcing the remainder from institutional and high-net-worth investors.

GII operates across Abu Dhabi, Dubai, and Riyadh and has benefited from growing international interest in Middle East private equity, as global firms expand their regional presence.

Co-founder Mohammed Alhassan said the firm aims to position itself as a gateway for overseas investors seeking access to regional deal flow, as competition intensifies and deal sizes continue to increase across the Gulf.

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