Co-founder leaves Bahrain’s Instrata

Simon Monk, co-founder of Bahrain-based infrastructure investor Instrata Capital, has left the firm due to family commitments and moved back to London, where he previously advised on high-profile deals for UBS Investment Bank. He is currently considering his options.

Simon Monk, who co-founded Bahrain-based fund manager Instrata Capital in 2006 with the backing of the Kuwait Investment Company, has left the firm and relocated to London. Monk is currently planning his next career move.

Monk cited family commitments as his reason for the move. Instrata is understood to be close to making preparations for a new fundraising effort, and Monk decided he could not commit to helping manage any new capital.

Among other funds, Instrata manages the Bunyah GCC infrastructure fund, the only shari’a compliant infrastructure fund focused on the Gulf Cooperation Council (GCC) countries. The fund, which is believed to be around half to two-thirds invested and fully committed, had initially set out to raise $400 million although the final amount raised was not disclosed.

Prior to the establishment of Instrata, Monk was an infrastructure investment banker with UBS Investment Bank in London for over 11 years. He advised on deals including Network Rail’s acquisition of UK rail infrastructure operator Railtrack (from administration) in 2002; and the $38 billion merger of Australian mining giant BHP with UK counterpart Billiton in 2001.