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Dubai based firm collapse leaves entire region with almost no inbound foreign investment

August 1, 2019 (Dubai)

In addition to foreign institutional investors, Greenstone Equity Partners is also seeing the GCC investor community move further away from regional fund managers in the wake of the Abraaj collapse, preferring regional direct investment or committing capital to global fund managers.  Greenstone’s Chairman and CEO Alex Gemici, was quoted:

“The collapse of Abraaj has eroded institutional investor confidence built over the past 15 years in emerging market-based private equity firms,” he said. “We don’t see significant deployment of foreign institutional capital into fund managers based in the Middle East.”

Read the original article on Bloomberg:  The Firm That Wrecked Private Equity for the Middle East

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