ADIA to sell $2 billion on private equity book
January 14, 2020 (Abu Dhabi) A recent article on Bloomberg reported that Abu Dhabi based sovereign wealth fund, the Abu Dhabi Investment Authority (ADIA) is expected to sell $2 billion of its private equity holdings as it follows through on plans to increase direct investment holdings. The article went on to report ADIA is working with advisers at PJT Park…
SAR200 million for renewable energy joint venture
December 20, 2019 (Saudi Arabia) According to the Saudi Gazette, the General Investment Authority (SAGIA) has announced a joint venture (JV) between the Al Rushaid Group and the French-based Optimum Tracker, to provide design and engineering services in the field of solar energy. The JV willl create a new, Saudi-registered company which will focus on the manufacturing of mounting system…
PIF commits $1 billion to SMEs in the Kingdom
December 19, 2019 (Saudi Arabia) Wamda has reported that Saudi Arabia’s Public Investment Fund (PIF) has committed $1 billion to a new fund of funds, which will invest in venture capital and private equity funds geared towards boosting small and medium enterprises (SMEs) in the Kingdom. The initiative is expected to help create jobs and diversify the economy. Read the…
QIA invests $91 million in commercial real estate
November 27, 2019 (New York) Real Estate Daily Beat has reported that the Qatar Investment Authority (QIA) has acquired five commercial condo units at 809 First Avenue (AKA 809 United Nations Plaza) from the Institute of International Education for $91 million. The five office spaces are located on the first four floors and the seventh floor. Already serving as Qatar’s…
ADIA to sell Manhattan trophy property for a cool $900 million
November 19, 2019 (New York) A recent article on The Real Deal reported that Abu Dhabi based sovereign wealth fund, the Abu Dhabi Investment Authority (ADIA) is selling its 40-story office building at 330 Madison Avenue to Munich RE, the huge German reinsurance firm. ADIA has owned a majority stake in the 846,000-square-foot building between East 42nd and East 43rd streets…
Greenstone recognized as top placement agent for funds since beginning of 2018
December 5, 2019 (Dubai) In an article by Institutional Investor, Greenstone Equity Partners was highlighted as the top placement agent based on funds closed from the beginning of 2018 through June 30, 2019. Greenstone assisted 32 funds in attracting a total $17.9 billion over that period, according to Preqin's December 2019 League Tables special report on Prominent Placement Agents. Preqin…
Greenstone wins award for enabling global alternative funds to reach Shariah-compliant investors
October 29, 2019 (Dubai) Greenstone Equity Partners, the largest independent fund placement firm in the Middle East and the leading provider of regulatory-compliant fund marketing and registration services in the GCC, won the award for “Best Advisory Service” at the 14th annual Islamic Business & Finance Awards. The Islamic Business & Finance Awards provide global recognition to exceptional financial institutions…
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…