PIF is opening London and New York offices to be closer to global opportunities
September 27, 2020 Arab News has published an article describing the Public Investment Fund of Saudi Arabia (PIF)’s ambition in becoming a global leader in institutional investing. According to the article, PIF is opening its first international offices in New York and London to facilitate its international investment opportunities. Read the original article on Arab News: PIF is going global,…
Kuwait Investment Office is in talks to take an opportunistic stake at Rolls-Royce
September 25, 2020 According to an article published by Sky News, Kuwait Investment Office (KIO) is in negotiations to acquire £250 million worth of shares at Rolls-Royce. The article reports that the Covid-19 pandemic has put Rolls-Royce’s balance sheet under stress, and KIO is in talks to make an opportunistic investment into one of Britain’s most important industrial groups. Read…
ADIA discloses $615 million investment in US exporter of liquefied natural gas
September 16, 2020 Per a filing with the U.S. Securities and Exchange Commission, and according to an article published by World Oil, UAE-based sovereign wealth fund Abu Dhabi Investment Authority (ADIA) acquired 5.05% of Cheniere Energy, becoming its fourth largest shareholder. Cheniere is the largest exporter of liquefied natural gas in the US and is a Fortune 500 Company. According…
UAE’s ADIA tops global sovereign wealth fund rankings
September 10, 2020 Zawya has reported that Abu Dhabi-based Abu Dhabi Investment Authority (ADIA) has been ranked third among 89 global sovereign wealth funds in September with $579.6 billion assets. Kuwait Investment Authority (KIA) closely follows ADIA in the rankings with $533.7 billion assets. Read the original article on Zawya: UAE's ADIA ranks third among top sovereign wealth funds
Kuwait Pension Fund is eyeing for new investment opportunities as investment profit soars
July 29, 2020 (Middle East) Bloomberg has reported that Kuwait’s Public Institution for Social Security had an investment profit of $7.3 billion in the three months through June, which corresponds to a 66% increase compared to 2019 results. The article notes that the Kuwaiti Fund would seek new investment opportunities as they strategize reducing their cash available for investments to…
Greenstone recognized globally as top placement firm in 2018 and 2019
December 5, 2019 (Dubai) In an article by Institutional Investor, Greenstone Equity Partners was highlighted as the top placement agent for funds closed from the beginning of 2018 through June 30, 2019. Greenstone assisted 32 funds which attracted a total of $17.9 billion over that period, according to Preqin's December 2019 League Tables special report on Prominent Placement Agents. Preqin…
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…
Abraaj collapse drives GCC-based investors towards U.S. and European fund managers
August 1, 2019 (Dubai) In the wake of the Abraaj collapse, Greenstone Equity Partners observes GCC-based investors accelerating towards well-established fund managers in the U.S. and Europe, preferring to commit fund capital to safer havens in a flight to quality. Greenstone’s Chairman and CEO Alex Gemici was quoted in Bloomberg as stating: “The collapse of Abraaj has eroded institutional investor…
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…