NBK Capital, an alternative investment firm focused on growth capital in middle market companies throughout the MENA region, has reached a first close on its second private equity fund, NBK Capital Equity Partners Fund II, with US$217 million in capital commitments. The fund will continue the firm’s strategy of investing in growth opportunities in MENA-based middle market companies. NBK Capital expects to reach the fund’s target of US$300 million within the coming quarters.