The International Finance Corporation (IFC) has invested USD 25 mn in Gulf Capital’s second private debt fund, “GC Credit Opportunities Fund II.” The fund held a first closing in January 2016 and targets a final close of USD 250 mn by the end of 2016. Gulf Capital says the fund makes it the largest private debt player in the Middle East. “Gulf Credit Opportunities Fund II seeks to provide tailored financing solutions to mid-market companies in the Middle East, North Africa, Turkey, and Sub-Saharan Africa.” The fund will invest in companies generating revenues of USD 10 mn to USD 200 m, operating in “growth sectors that are consumer focused and that are defensive in nature.”