Saudi Arabia’s PIF is set to allocate $70 billion yearly
February 22, 2024 Saudi Arabia’s sovereign wealth fund is set to increase its annual deployment of capital to $70 billion a year after 2025. The Public Investment Fund, or PIF, currently puts $40 billion to $50 billion of capital to work on an annual basis, and that’s set to increase after 2025, the fund’s governor, Yasir Bin Othman Al-Rumayyan, said…
Tasaru, supported by PIF, has invested in firms specializing in autonomous mobility in both Croatia and Austria
February 2, 2024 Tasaru Mobility Investments, a company fully owned by Saudi Arabia’s Public Investment Fund (PIF) has made two strategic investments to develop its autonomous mobility sector. The first is an investment in Project 3 Mobility (P3), a Croatian company developing its own autonomous electric vehicle and mobility service, which closed its Series A investment round this week, raising…
Aramco seeking portfolio expansion by exploring refining and chemicals deals in China and India
January 26, 2024 Saudi Aramco, the world’s biggest oil exporter, is seeking refining and chemicals deals in Asia as it looks to rapidly expand the business and secure long-term buyers for its crude. The company is looking at China and India for more acquisitions, president of the downstream unit, Mohammed Al Qahtani, said. The majority of Aramco’s crude is sold…
PIF unveils its latest multi-year partnership to boost electric motorsport and mobility in Saudi Arabia
January 23, 2024 Saudi Arabian sovereign wealth fund, Public Investment Fund (PIF) has announced a new multi-year partnership with Electric 360, Formula E, Extreme E and E1 to enhance the growth of the electric motorsport sector in the kingdom. The partnership specifically aims to advance the role of the sport in the future of electric mobility. Additionally, educational opportunities will be made available…
ADNOC acquires a 10.1% stake in UK carbon capture developer
January 12, 2024 ADNOC has acquired a 10.1% stake in London-based carbon capture and storage (CCS) developer Storegga. Storegga is leading the development of the Acorn CCS project in northeast Scotland, which is targeting subsurface storage in the central UK North Sea of up to 10 MM metric tons/year of CO2 by 2030. Last month, Storegga and partners Shell UK, Harbour Energy and…
Greenstone wins award for the “Best Capital Raising Firm” at MEA Finance Wealth and Investment Summit and Awards 2022
07 October, 2022 (Dubai, UAE) Greenstone Equity Partners, the largest independent fund placement firm in the Middle East specializing in raising capital for global alternative funds from GCC-based investors, won the award for “Best Capital Raising Firm” at the annual MEA Finance Wealth & Investment Awards. The MEA Finance Wealth and Investment Awards celebrate the outstanding achievements of Wealth and…
Greenstone and Allen & Overy’s aosphere LLP launch strategic collaboration to strengthen regulatory compliant capital raising in the gulf countries
30 August, 2022 (Dubai, UAE) Greenstone Equity Partners and aosphere have launched a strategic collaboration to provide fund managers with a comprehensive, low-cost regulatory solution for Saudi Arabia, Oman, Kuwait, Qatar, Bahrain, the UAE, the Dubai International Financial Center (DIFC), and the Abu Dhabi Global Markets (ADGM) (collectively, “the GCC”). Greenstone is the largest licensed fund placement firm and provider…
Optimum signs Middle Eastern distribution agreement for fourth German fund
1 August, 2022 (London, UK) Optimum Asset Management, a boutique real estate investment manager, has signed an exclusive distribution agreement with Greenstone Equity Partners, a leading capital raising firm operating across the GCC. The partnership seeks to broaden Optimum’s investor base in the Middle East as they raise funds for their German Real Estate IV fund, the fourth iteration in…
Paladin partners with Greenstone to achieve final close of Cyber Fund II at $372 million
June 13, 2022 (Dubai, UAE) Paladin Capital Group announced the close of their Paladin Cyber Fund II at $372 million, exceeding their initial target of $250 million. Paladin’s Cyber Fund II is a multi-stage fund focusing on cybersecurity startups that bring innovative technologies to the market. Greenstone Equity Partners, the largest licenced fund placement firm in the Middle East, supported…
Greenstone wins award for “Best Risk & Compliance Implementation” at MEA Finance Awards 2022
May 23, 2022 (Dubai, UAE) Greenstone Equity Partners, the largest independent fund placement firm in the Middle East and leading provider of regulatory-compliant fund marketing and registration services in the GCC, won the award for “Best Risk & Compliance Implementation” at the third annual MEA Finance Banking Technology Summit & Awards ceremony. The MEA Finance Banking Technology Summit & Awards…