Private equity, real estate and corporate finance advisory firm The Capital Trust Group has reached a first close on its fourth Middle East and North Africa-focused private equity fund, EuroMena III, with US$100 million in capital commitments. Investors included development finance institutions European Investment Bank, DEG and International Finance Corporation, as well as French electricity business Electricité de France. The fund aims to reach a final close of between US$150 million and US$200 million by the end of the year.