Mubadala closes third PE fund at $1.6 billion
August 17, 2021 Mubadala Capital has reported that its private equity Fund III has raised $1.6 billion in capital commitments from a diverse set of new and existing investors including leading pension plans, endowments, insurance plans, government institutions, family offices and private equity firms across North America, Europe, the Middle East and Asia. An asset management arm of Abu Dhabi’s…
Strong investment returns for Kuwait’s FGF offer positive outlook
August 12, 2021 As Kuwait makes strides in investing its way out of dependency on oil money, the Future Generations Fund (FGF), sees its growth over the past five years exceed the country’s total revenue from oil for the same period. A national savings pot designed to help the country prepare for life after oil, the fund’s total assets have…
UAE – African trade average surges to $50 billion annually, boosted by AfCFTA economic agreement
August 12, 2021 The World Bank estimates that the 54-nation AfCFTA economic bloc launched in 2021, has the potential to lift at least 30 million Africans out of poverty, boost the continent’s income by $450 billion by 2035 (a gain of 7 percent) and increase Africa’s exports by $560 billion. For international players Africa presents one of the last major…
Abu Dhabi’s Mubadala Capital and BlackRock form private equity partnership
August 11, 2021 Abu Dhabi’s asset management subsidiary Mubadala Capital has inked a $1.2 billion deal with a consortium of investors led Blackrock - and this appears to be just the start. Although the deal structure with the world’s largest asset manager is unique, the sovereign wealth fund subsidiary has done similar before; Ardian’s $2.5 billion to Mubadala was one of…
Record number of foreign investor licenses issued by Saudi Arabia, noted in UNCTAD’s World Investment Report 2021
August 11, 2021 With continued global interest in Saudi financial assets, FDI inflow into Saudi Arabia is today at its highest level since 2016 when Vision 2030 was launched. The Ministry of Investment of Saudi Arabia’s (MISA) latest update echoes trends highlighted in UNCTAD’s World Investment Report, confirming the highest demand for foreign investor licenses since records began in 2005.…