UAE & Dubai are the wealthiest nation and city in the Middle East
November 1, 2020 According to a New World Wealth report, the UAE is the wealthiest nation in the Middle East, and Dubai is the wealthiest city in the Middle East. The report estimates 82,763 high and ultra-high net worth individuals in the UAE with an aggregate wealth of c. $1 trillion as of June 2020. According to the same report,…
UAE-based private investment firm plans to allocate significant capital into venture capital and private equity in the next 12 months
October 21, 2020 According to an article shared by Preqin, UAE-based private investment firm Al Nahdha is eyeing opportunities to allocate significant capital into venture, growth, and mid-cap buyout strategies in North America, Europe, China, and Asia. The article further noted that the investment firm plans to finalize its commitments before the end of 2021. Al Nahdha Investment currently holds…
GCC’s national oil companies are heavily investing in alternative investment strategies.
October 17, 2020 Forbes Middle East reports that the GCC countries and their national oil companies are investing heavily in infrastructure, real estate, and private equity strategies to create stable and diversified investment income streams. The article further notes that oil giants like ADNOC, Saudi Aramco, BAPCO, Oman Oil Company, and Kuwait Petroleum Corporation have partnered with numerous global fund…
Middle East UHNW wealth grows to $1.55 trillion in 2019
October 16, 2020 Albawaba has published an article referencing a recent Wealth-X World Ultra Wealth Report, highlighting that the number of Middle Eastern HNW investors grew 0.7% to 9,780 in 2019, with the total wealth of this population increasing by 1.9% to $1.55 trillion. The article went on to state that the decline in wealth seen in early 2020 due…
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,…
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…