PIF ranks 2nd among GCC wealth funds with $925 billion in assets
March 20, 2024 Saudi Arabia’s PIF ranks 2nd among GCC sovereign wealth funds with $925 billion (AED 3.3 trillion) in assets. After a 55% increase in assets under management, the PIF has surged in global ranking of sovereign wealth organisations. This signifies that the organization has surpassed Kuwait’s sovereign wealth fund in this regard, now trailing only behind the Abu…
Saudi Aramco Invests $80 million in U.S.- based CarbonCapture
March 13, 2024 U.S.-based climate technology firm CarbonCapture secured $80 million (AED 293 million) in funding from various investors, notably Saudi Aramco's venture capital unit. Prime Movers Lab spearheaded the Series A fundraising, with contributions from Aramco Ventures, Amazon's Climate Pledge Fund, Siemens Financial Services, Idealab X, and Marc Benioff's Time Ventures. Read the original article in Gulf News: Saudi…
ADIA backs Europe’s Cheyne Capital with a £650 million investment in its real estate private credit strategy
March 13, 2024 Abu Dhabi’s sovereign wealth fund has increased its funding commitment to Cheyne Capital’s real estate private credit strategy in Europe. The Abu Dhabi Investment Authority (ADIA) committed an undisclosed amount to Cheyne’s programme, dubbed as the capital solutions strategy, bringing the total commitment to £650 million ($836 million), European media reported on Tuesday. Read the original article…
Masdar has successfully acquired a 49% stake in a UK offshore wind project
February 29, 2024 Abu Dhabi clean energy company Masdar has completed the acquisition of a 49% stake in 3-gigawatt (DBS) project, one of the world’s largest planned offshore wind farms, as it continues to expand its presence across renewable energy markets in the UK and globally. The acquisition is part of an £11 billion ($14 billion) joint investment in the…
Mubadala and its partners buy out Truist Insurance Holding, the 5th largest U.S. insurance broker
February 22, 2024 Along with other investor-partners, Abu Dhabi’s Mubadala Investment Co. has bought out a stake in the fifth largest insurance broker in the U.S. This is the Truist Insurance Holdings, headquartered in Charlotte, North Carolina, and which has more than 200 offices in the U.S. The stake was bought from Truist Financial Corporation. Read the original article in…
Greenstone Saudi Arabia licensed to manage investments and operate funds in Saudi Arabia by the Capital Market Authority
6 February, 2024 (Dubai, UAE) Greenstone Saudi Arabia, a Saudi Arabia-based subsidiary of Greenstone Equity Partners, the largest fund placement firm in the Middle East, is pleased to announce that it has recently received approval from the Capital Market Authority of Saudi Arabia (the “CMA”) to commence operations under its Managing Investments and Operating Funds license. In addition to Greenstone’s…
Greenstone Equity Partners inks GCC distribution deal with Trez Capital to enhance access to private U.S. real estate funds
18 January, 2024 (Dubai, UAE) Greenstone Equity Partners, the Middle East’s leading capital raising firm, has announced an alliance with North American real estate investment firm Trez Capital to enable investors in the Gulf Cooperation Council (GCC) region to access short-duration, income-oriented private real estate funds in the United States. With a robust history spanning over 25 years, Trez Capital…
Greenstone Equity Partners recognized globally as a top placement firm in 2023
13 November, 2023 (Dubai, UAE) For the sixth year in a row, Greenstone Equity Partners features as a top placement firm in Preqin’s Alternative Asset Service Providers league tables. Preqin’s league tables provide a definitive ranking of the leading and most influential firms in the private capital funds industry. Preqin is generally recognized as the most trusted source of data…
U.S.-based Industry Ventures achieves final close of two funds at $1.7 billion with the support of Greenstone Equity Partners
18 October, 2023 (Dubai, UAE) Industry Ventures announced the close of their Secondary X Fund with over $1.45 billion in commitments and the close of Tech Buyout II Fund with over $260 million in commitments. Industry Ventures’ Secondary X Fund is a secondaries vehicle that focuses on leading later-stage venture- capital companies, while Tech Buyout II is a hybrid fund…
Greenstone Equity Partners announces GCC distribution agreement with Rockwood Capital
26 July, 2023 (Dubai, UAE) Greenstone Equity Partners, the GCC’s leading institutional-grade placement firm, is pleased to announce its strategic partnership with Rockwood Capital, a premier U.S. real estate investment firm. Rockwood has an established track record investing in real estate dating back to 1990. Under the agreement, Greenstone will serve as the exclusive GCC distribution partner for Rockwood. Tyson…