Per, the Foursan Group, an Amman, Jordan-based private equity firm that already manages the Jordan Fund, announced the launch of its second fund, Foursan Capital Partners I, a multi-country, multi-sector private equity fund that will target investments in “accelerated growth companies in Jordan and surrounding countries in the Levant and North African regions” and is targeting a final closing of $200 million in 2010. Specifically, “the fund will invest in private companies in a range of attractive sectors including financial services, food and beverage, education, aviation, pharmaceuticals and healthcare.”

This on the heels of a report earlier in December in which Imad Ghandour, Executive Director of Gulf Capital, an Abu Dhabi-based PE group, mentioned that there was between $11-13 billion of capital raised by Middle East private equity firms still “waiting to be deployed.”