PIFSS to invest $6 billion into funds in the next three quarters
July 29, 2020 (United Arab Emirates) According to an article published by Arabian Business, Kuwait’s Public Institution for Social Security (PISS) posted a record first-quarter investment profit of $7.3 billion in the three months through June 2020, up 60% on the same period last year. PISS has over $112 billion in assets as of March 2019, including a 25% stake…
GCC’s top SWFs rank in global top 10
May 31, 2020 (United Arab Emirates) According to an article published by Mubasher, the GCC is well-represented amongst the world's largest sovereign wealth funds, with funds from Saudi Arabia, Kuwait, Qatar, and the United Arab Emirates all ranking within the top ten in a recent Sovereign Wealth Fund Institute (SWFI) report. 3rd place: Abu Dhabi Investment Authority (ADIA) with total…
GCC UHNWIs population expected to boom by 2024
March 5, 2020 (Dubai) In an article published by Banker Middle East, Knight Frank, a leading global property advisory firm has said that according to its projections, the number of UHNWIs in the GCC is expected to grow by 26% to reach a total of 9,100 by 2024, given the expansion of wealth and strong growth in many asset classes…
ADIA and QIA eyeing investment in India-based real estate developers
March 2, 2020 (Singapore) A recent article on Deal Street Asia has reported that the Abu Dhabi Investment Authority (ADIA), Qatar Investment Authority (QIA), and Singapore-based GIC are in talks to invest approximately $400 million in Prestige Estates. The India-based real estate developer is said to be looking to monetize some of its retail mall and office assets before it…
QFB looking for innovative investment opportunities
February 26, 2020 (Doha) MENAFN has reported that Qatar First Bank (QFB) and its investors have recently exited a Sharia-compliant aviation deal, selling two Boeing 737-900ER aircraft which were on a 7-year long-term sharia-compliant lease contract to Indonesia's Lion Air. The article went on to note that the increasing success of the bank's structured products investment, QFB is looking for…
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…