One of the Middle East's biggest buyout houses hopes to come back from what is set to be two consecutive loss-making years, by raising four funds targeting in the region of $1.7bn (€1.4bn).

Bahrain-based Arcapita Bank hopes to start raising the majority of the funds after September, according to a source close to the situation. This would revive plans put on hold during the financial crisis to move away from its model of balance sheet funding and deal by deal fundraising to a more traditional private equity fund model.