Mubadala grows assets by 80% in 2018
July 29, 2019 (Abu Dhabi) Zawya has reported that the Abu Dhabi based Mubadala Investment Co (Mubadala) has announced its assets under management (AUM) rose by 80% in 2018. Mubadala’s AUM totalled 841 billion dirhams ($229 billion) in 2018 compared to 469 billion dirhams in 2017. The article mentions Mubadala continues to invest across sectors globally. Read the original article…
KIA achieves $19 billion in profits from international investments
July 22, 2019 (Middle East) According to an article published on Zawya, the Kuwait Investment Authority (KIA) has reported a net profit of $19 billion, achieved from investments in twelve international firms through its core-satellite portfolio, generating a profit accounting for 148.7% of the overall investments belonging to the portfolio since 2007. Read the original article on Zawya: Kuwait Investment…
ADIA scouting for principal investments
July 17, 2019 (Asia) According to an article published on Deal Street Asia, the Abu Dhabi Investment Authority's (ADIA) private equities department will scout for principal investments in its core sectors. ADIA will also continue to make new fund commitments to partners with whom it has developed “broad relationships” built on a mutual understanding of priorities. ADIA said it has…
ADIA boosts staff to increase annualized rate of return
July 15, 2019 (Abu Dhabi) The Financial Times have reported that the Abu Dhabi Investment Authority's (ADIA) fixed income and treasury department plans to scale up active investing and boosting its staff to achieve the goal of increasing the annualized rate of return. This move comes on the back of dropping annualized rate of return (6.5% in 2017 vs 5.4%…
If SWFs were cars then Mubadala and QIA are Ferraris while ADIA is a Volvo
July 15, 2019 (Hong Kong) Nasdaq have published an article asserting that Mubadala and the Qatar Investment Authority (QIA) are unafraid of big flashy, attention-grabbing investments (e.g. QIA’s eye-catching luxury hotel deals or Mubadala's $15 billion into Masayoshi Son's tech-focused Vision Fund). The article goes on to say that the Abu Dhabi Investment Authority (ADIA) by contrast is more like…
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,…