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Greenstone Investors in the News

Saudi investment company committed to establishing a sizable UK real estate portfolio

June 23, 2019 (Manchester / Jeddah) According to an article on Zawya, Cedar Tree Investments, a company whose assets are managed by Jeddah-based AIMS Investments, has bought three buildings in Manchester city centre and one in the Rusholme district close to the city's main university campuses.  The buildings - Basil House, Salisbury House in Manchester and properties on King St…

ADIA betting big on Indian distressed asset sector

June 17, 2019 (Abu Dhabi) Arabian Business has reported that the Abu Dhabi Investment Authority (ADIA) has invested a total of $1 billion with Kotak Investment Advisors (KIA). Half of this is committed to the special situation distressed fund of KIA. According to the article, industry sources said ADIA seem to be betting big on India, especially in the distressed…

SABB Alawwal Bank merger creates third-largest Saudi lender

June 16, 2019 (Abu Dhabi) According to an article on The National, the Saudi British Bank (SABB) and Alawwal Bank will continue to operate as separate entities and offer their respective products and services until they fully integrate their back office operations following the completion of their merger. SABB will absorb Alawwal Bank’s assets and liabilities. The transaction was executed…

New York office block now fully owned by ADIA

June 18, 2019 (London / Dubai) According to an article published on Arab News, the Abu Dhabi Investment Authority (ADIA) is said to have bought 25% of 330 Madison Avenue from Vornado Realty Trust, gaining full ownership of the New York office block with the deal expected to close in the third quarter of this year.  ADIA has between 5% to…

Solar PV technology to generate 500MWac of renewable power in Oman

May 5, 2019 (Muscat) According to Zawya, there has been an agreement reached for the development of the Ibri-2 Independent Power Producer (IPP) with the Oman Power and Water Procurement Company.  The agreement has been executed by a consortium composed of ACWA Power, Gulf Investment Corporation, and Alternative Energy Projects Co., and will be located around 300km west of Muscat,…

Greenstone in the News

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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