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Greenstone Investors in the News

QIA looking to invest electricity transmission and distribution

September 20, 2019 (Qatar) According to an article published on Business Today, the Qatar Investment Authority (QIA) is looking to purchase a 20% - 25% minority stake in Adani Electricity Mumbai Limited (AEML) for up to $425 million - $575 million.  AEML is India’s largest private sector integrated power utility and is the flagship power transmission and distribution asset of…

KIA commits to Alaska Permanent Fund

September 13, 2019 (Kuwait) Pensions&Invetsments has reported that the Kuwait Investment Authority (KIA), along with AP3 and Stockholm, has joined three other sovereign wealth funds in Capital Constellation with commitments totaling $300 million.  Originally launched in 2018, the joint venture helps Juneau, a $65.8 billion Alaska Permanent Fund to invest in emerging private equity and alternative investment firms.  To date,…

Alkhabeer generates 44.6% in net cumulative return for investors

September 10, 2019 (Jeddah) According to an article published on Trade Arabia, Alkhabeer Capital has successfully exited Alkhabeer Land Development Fund II (ALDF II) and achieved a 44.6% in net cumulative returns.  ALDF II was a $231 million Shariah-compliant closed-ended fund that generated capital growth through the acquisition, development and sale of more than 242,000 sq. m of commercial and…

Abu Dhabi is betting big on technology and innovation

September 6, 2019 (Abu Dhabi) According to an article published on Reuters, Abu Dhabi is betting big on technology and innovation that are central to the emirate’s economic diversification strategy.  Accordingly, Mubadala is expected to invest in Vision Fund 2 in the fourth quarter of 2019.  SoftBank, a Japanese telecom and investment group, announced Vision Fund 2 in July, and has…

Saudi Arabia names new Aramco chairman

September 2, 2019 (Dubai) Reuters has reported that Saudi Arabia has named Yasir al-Rumayyan, head of The Public Investment Fund of Saudi Arabia (PIF), as chairman of Aramco, replacing Energy Minister Khalid al-Falih, as the state oil giant prepares to go public.  The article noted that Rumayyan, a former investment banker, was appointed managing director of the PIF in September…

Greenstone in the News

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…

Middle East based boutiques offer alternative to global firms

April 7, 2019 (Dubai) Greenstone Equity Partners is leading the dialogue on challenges faced by bankers looking to go it alone in the Middle East.  Greenstone Equity Partners' Alex Gemici, was quoted: Even if the founder has deep personal relationships within the region, clients and counterparties want to feel comfortable that any new firm will have longevity and will operate…

Liquidity becoming key for investing in hedge funds

April 7, 2019 (Dubai) Greenstone Equity Partners shares it's depth and breadth of expert industry knowledge on hedge funds.  Alex Gemici, Greenstone's CEO has been quoted: There has been a swing back to high quality hedge funds in recent years as investors have begun to ascribe greater value to liquidity. In asset classes such as private equity or venture capital,…

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