Warba, Watar Partners, KAAF, and Rimco invest in Beco Capital Fund II
October 2, 2019 (Dubai) The National has reported that Beco Capital, a Dubai-based venture capital firm, raised $100 million through its second fund, which thanks to investor appetite for start-ups, the fund oversubscribed its initial target by $20 million. The company typically invests in regionally-based early-stage start-ups with seed and Series A funding, and provides follow-on funds for the best-performing…
ADIA allocating to direct investments
October 2, 2019 (Abu Dhabi) A recent article on Gulf Business reported that Abu Dhabi based sovereign wealth fund, the Abu Dhabi Investment Authority (ADIA) is allocating more money to direct investments and stepping up its deal-making with buyout firms. ADIA and Cinven are working with a financial adviser as they consider making a joint bid for KKR’s scientific measurement…
Ascott QIA invests A$202 million in Sydney
September 27, 2019 (Qatar) A recent article on IPE Real Assets reported that an unlisted fund jointly controlled by Singapore-based The Ascott and the Qatar Investment Authority (QIA), is investing A$202 million in a 48-storey integrated development, which will include office and retail components and be the tallest tower in North Sydney, Australia on completion in 2021. The fund was…
$2 trillion Saudi Aramco IPO valuation looking for SWF investment
September 26, 2019 (Riyadh) According to an article published on VCCiRCLE, sources have stated that Saudi Aramco has approached a number of sovereign wealth funds based in the Gulf and Asia to invest in the domestic leg of the oil giant's listing as it seeks to achieve a $2 trillion valuation. Those approached included the United Arab Emirates' Abu Dhabi…
QIA committed to the UK for the long-term
September 21, 2019 (Qatar) A recent article on I Love Qatar.net reported that the CEO of the Qatar Investment Authority (QIA) has affirmed QIA’s long-term commitment to the UK through a continuous and diversified investment strategy. QIA has built a global portfolio of assets within the UK and has successfully established partnerships with several leading British financial institutions. The article…
Middle East investors looking for the right strategies
September 29, 2019 (Dubai) In an interview by Banker Middle East, Greenstone Equity Partners' Chairman, CEO and Founder Alex Gemici, provides valuable insight on the current global political environment and the precarious position of the markets make existing geopolitical tension more of a risk than before. Highlights from the interview include: Commenting on the challenging geopolitical operating conditions, Alex Gemici…
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…
Greenstone becomes first Fund Placement Firm licensed by UAE Securities and Commodities Authority
June 11, 2019 (Dubai) Greenstone Equity Partners, the largest fund placement firm in the Middle East, has become the first firm of its kind to obtain a license to promote financial products and foreign securities by the UAE's Securities and Commodities Authority (SCA). The SCA has granted Greenstone’s UAE subsidiary, Greenstone Equity Partners Financial Products Promotion L.L.C., a license to perform…
Middle East based boutiques offer alternative to global firms
April 7, 2019 (Dubai) Greenstone Equity Partners is leading the dialogue on challenges faced by bankers looking to go it alone in the Middle East. Greenstone Equity Partners' Alex Gemici, was quoted: Even if the founder has deep personal relationships within the region, clients and counterparties want to feel comfortable that any new firm will have longevity and will operate…
Liquidity becoming key for investing in hedge funds
April 7, 2019 (Dubai) Greenstone Equity Partners shares it's depth and breadth of expert industry knowledge on hedge funds. Alex Gemici, Greenstone's CEO has been quoted: There has been a swing back to high quality hedge funds in recent years as investors have begun to ascribe greater value to liquidity. In asset classes such as private equity or venture capital,…