Kuwait’s PIFSS is bullish on alternative investments
November 11, 2020 According to an article published by Bloomberg, Kuwait’s Public Institution for Social Security (PIFSS) is reducing its allocations to stocks and bonds in favor of alternative investments in infrastructure and private equity strategies. The article further notes that infrastructure exposure will increase from 5% to 10% while allocations to private equity strategies will reach 13% of PIFSS’ overall…
GCC SWFs among the world’s most dominant holders of PE assets
November 6, 2020 According to an article published by Institutional Investor, Mubadala, Investment Corporation of Dubai (ICD), the Public Investment Fund of Saudi Arabia (PIF), the Kuwait Investment Authority (KIA) and Qatar Investment Authority (QIA) collectively hold ~$418 billion of private equity (PE) assets. The article further notes that with $157 billion of PE assets on its portfolio, ICD is…
UAE & Dubai are the wealthiest nation and city in the Middle East
November 1, 2020 According to a New World Wealth report, the UAE is the wealthiest nation in the Middle East, and Dubai is the wealthiest city in the Middle East. The report estimates 82,763 high and ultra-high net worth individuals in the UAE with an aggregate wealth of c. $1 trillion as of June 2020. According to the same report,…
UAE-based private investment firm plans to allocate significant capital into venture capital and private equity in the next 12 months
October 21, 2020 According to an article shared by Preqin, UAE-based private investment firm Al Nahdha is eyeing opportunities to allocate significant capital into venture, growth, and mid-cap buyout strategies in North America, Europe, China, and Asia. The article further noted that the investment firm plans to finalize its commitments before the end of 2021. Al Nahdha Investment currently holds…
GCC’s national oil companies are heavily investing in alternative investment strategies.
October 17, 2020 Forbes Middle East reports that the GCC countries and their national oil companies are investing heavily in infrastructure, real estate, and private equity strategies to create stable and diversified investment income streams. The article further notes that oil giants like ADNOC, Saudi Aramco, BAPCO, Oman Oil Company, and Kuwait Petroleum Corporation have partnered with numerous global fund…