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…
Mubadala, ADIA and ADQ, UAE’s sovereign wealth funds, invested a combined $36.5 billion in 2023
January 2, 2024 Three sovereign wealth funds (SWFs) from the UAE invested a combined $36.5 billion in 2023, Global SWF, which tracks the world’s sovereign investment funds, said in its 2024 annual report. Abu Dhabi’s Mubadala was ranked third in the top 10 list of SWFs with investments of $17.5 billion, followed by Abu Dhabi Investment Authority (ADIA) with investments…
Mubadala, Aldar and Ares partner to invest $1 billion in European private real estate credit
December 13, 2023 Aldar Properties (‘Aldar’), Mubadala Investment Company (‘Mubadala’) and Ares Management (‘Ares’) today announced that they have entered into a new partnership to jointly invest U.S. $1 billion in private real estate credit opportunities in the United Kingdom and Europe over the next three to five years. As part of this transaction, Mubadala will hold a 50% stake…
PIF acquires a 49% stake in luxury chain Rocco Forte Hotels
December 04, 2023 Saudi Arabia’s sovereign wealth fund has agreed to buy a 49% stake in Rocco Forte Hotels in a deal that is believed to value the luxury group’s properties at about £1.2 billion ($1.52 billion). The Public Investment Fund is snapping up the “significant” minority stake in the company, which owns The Balmoral in Edinburgh and Brown’s Hotel in London, with…
Masdar will invest $13.9 billion UK renewable energy project
December 01, 2023 The UAE is investing in a massive renewable energy project, including a giant offshore wind farm, in the UK. Abu Dhabi Future Energy Company – Masdar, the UAE’s clean energy powerhouse, is part of an £11 billion ($13.9 billion) investment into the UK’s renewable energy sector and is purchasing a 49% stake in RWE’s 3 gigawatt (GW) Dogger…
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…