PIF investment in US electric vehicles reaps rewards after SPAC
February 24, 2021 According to an article published by Arab News, Saud Arabia's premier investing institution the Public Investment Fund (PIF), has seen a significant increase in the valuation of its initial $1 billion investment in Lucid Motors in 2018. Following an increase in special purpose acquisition company (SPAC) activity in 2020, Lucid Motors recently merged with Churchill Capital Corp…
PIF increases exposure in US equities to $12.8 billion
February 16, 2021 According to an article published by Reuters, Saudi Arabia's Public Investment Fund (PIF) is taking advantage of market weaknesses caused by the COVID-19 pandemic in early 2020, and has significantly increased it's exposure to US equities in the fourth quarter of 2020, after cutting exposure in the previous quarter. Read the original article on Reuters: Saudi sovereign…
GCC SWFs invest in $850 billion private credit asset class, Sharia-compliant funds
February 10, 2021 According to an article published by Business Standard, several of the GCC's largest investors, including Saudi Arabia's PIF, and Qatari and UAE sovereign wealth funds are lining up to participate in Shariah-compliant direct lending and private credit funds. The article went on to note that the private credit asset class has ballooned into an $850 billion market…
Mubadala, PIF back Vision Funds SPAC strategy
February 8, 2021 According to an article published by The National, Abu Dhabi's Mubadala Investment Company and Saudi Arabia's Public Investment Fund (PIF), who have combined commitments of $83 billion in SoftBank's Vision Fund, are expecting up to seven of the fund's portfolio companies to go public in 2021. The article went on to note that SoftBank plans to launch…
Qatar First Bank grows US real estate portfolio by $160 million in 2020
February 8, 2021 According to an article published by Doha News, Qatar First Bank (QFB), the first independent Shariah-compliant bank authorised by the QFC Regulatory Authority, has purchased an award-winning property in Houston, US. The article went on to note this is QFB's first purchase in 2021 following a number of transactions in 2020 including a $41 million acquisition of…
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…