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Tricap Investments
Tricap Investments, founded 2007 in Dubai, executes direct private equity deals in real estate and industrial tech through co-investment partnerships.
Tricap Investments
Tricap Investments was established in Dubai in 2007 by Salem Bin Dasmal and Sammy Eldin. The firm operates as a privately held principal investment company executing direct and indirect private equity transactions. Its geographic focus centers on the United Arab Emirates, though its principals' affiliated entities extend its operational footprint into the United States and Europe. The firm purses a generalist private equity strategy with confirmed activity in real estate and industrial technology. Tricap structures deals through direct investments and co-investment partnerships rather than relying on a traditional multi-LP fund model. Confirmed co-investment partners include Ruya Partners, which collaborated on a management buyout of GymNation, and Amaana Capital, which joined Tricap in backing Trax and SmartCrowd. The firm's real estate exposure ranges from mixed-use assets in Dubai to institutional-scale US commercial properties held through affiliated platforms. Tricap's principals maintain a web of adjacent investment vehicles. Sammy Eldin serves as Chairman of NGP Group, which controls roughly $4 billion in US General Services Administration real estate portfolios. Salem Bin Dasmal operates as CEO of Nextar Investments LLC. A related project, the Tri-Aviation Project Co, holds land interests tied to the Dublin Airport Terminal 3 development. No specific total deployment figure or total professional headcount has been publicly disclosed. Tricap's architecture blends a standalone principal investment office with an embedded network of operator-led affiliates. The firm does not publicly solicit external limited partners, instead funding transactions through its own balance sheet and a curated circle of co-investors. This hybrid posture places it adjacent to the family-office model — deploying personal and partner capital without the reporting cadence or mandate constraints of a regulated fund manager.
General information
Firm type
Generalist
Year founded
2007
AUM
Undisclosed
Location
Region
Middle East
Country
United Arab Emirates
City
Dubai
Corporate office
Dubai, United Arab Emirates
Principals
Salem Bin Dasmal
Managing Director
Sammy Eldin
Co-founder and Managing Partner
Suleman Soorani
Partner and Director of Principal Investments
Sector focus
Frequently asked questions
Who runs investment decisions at Tricap Investments?
Salem Bin Dasmal and Sammy Eldin co-founded the firm and remain its senior decision-makers. Bin Dasmal serves as Managing Director, while Eldin operates as Co-founder and Managing Partner. Suleman Soorani, as Partner and Director of Principal Investments, holds a senior deal-execution role. The firm has not publicly detailed an investment committee structure beyond these three named principals.
How is Tricap Investments related to NGP Group?
Sammy Eldin, Tricap's Co-founder and Managing Partner, is the founding principal and Chairman of NGP Group. NGP Group manages a roughly $4 billion portfolio of US General Services Administration-leased real estate assets. The two entities are distinct in form — Tricap is a Dubai-based principal investment firm, NGP is a US real asset operating platform — but share a common controlling principal in Eldin.
Does Tricap Investments raise funds from external limited partners?
No public record indicates that Tricap raises traditional blind-pool commingled funds from external investors. The firm structures its transactions as direct principal investments and co-investments alongside partners such as Ruya Partners and Amaana Capital. It does not market itself as a fund manager or disclose a third-party LP base.
What types of transactions does Tricap execute?
Tricap pursues both direct and indirect private equity transactions, with a deal record spanning buyouts and direct equity placements. Documented transactions include a management buyout of GymNation alongside Ruya Partners and equity investments in Trax and SmartCrowd with Amaana Capital. The firm's mandate covers real estate and industrial technology, though it has not publicly restricted itself to specific transaction size bands.
Where does Tricap Investments invest geographically?
Tricap's primary geographic base is the United Arab Emirates, with documented real estate and technology investments in Dubai. Through affiliated entities controlled by its principals, the firm has exposure to US commercial real estate via NGP Group and to European infrastructure via the Tri-Aviation Project Co's interest in Dublin Airport Terminal 3.
Does Tricap have a disclosed AUM or deployment figure?
No. Tricap does not publicly disclose assets under management, total capital deployed, or any equivalent metric. The firm operates as a privately held principal investment company with no regulatory or marketing obligation to publish such figures.
Is Tricap structured as a family office?
Tricap does not label itself a family office. It operates as a privately held principal investment company based in Dubai, deploying founder and partner capital alongside curated co-investors. The absence of external LP fundraising and the overlap with operator-led affiliates such as NGP Group and Nextar Investments give it structural parallels to a single-family office, but the firm's own positioning is distinct from that category.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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