Around $1 billion will be invested in Asia by Mubadala and KKR
October 24, 2022 KKR & Co and Abu Dhabi state fund Mubadala Investment Co said they had entered into an agreement to invest about $1 billion in Asia. The agreement, announced on Sunday, will see the two firms investing across performing private credit opportunities in the Asia Pacific region. Mubadala, which manages $243 billion in assets, said in a joint…
To advance RWE’s green energy plan, Qatar Investment Authority invests $2.43 billion
October 02, 2022 The Qatar Investment Authority has agreed to invest $2.43 billion in Germany’s largest power producer RWE AG, to help it buy US firm Con Edison Inc’s Clean Energy Businesses subsidiary for $6.8 billion. According to a Reuters report, RWE will issue a mandatory convertible bond to a QIA subsidiary, through which Qatar’s sovereign wealth fund will become…
Mubadala Energy announces new gas discovery in Malaysia
September 20, 2022 Mubadala Energy, the oil and gas unit of Abu Dhabi’s Mubadala Investment Company, has announced a new gas discovery off Malaysia as it seeks to expand its position in energy transition. The company discovered a "significant gas column of more than 110 metres" at the Cengkih-1 exploration well at Block SK320, off the coast of Sarawak province,…
Saudi Arabia launches a $776 million AI joint venture through its Public Investment Fund subsidiary
September 15, 2022 At the Global AI Summit being held in Saudi Arabia, the Saudi Public Investment Fund subsidiary and the Saudi Company for Artificial Intelligence launched a $776 million joint venture with Chinese SenseTime. The joint venture will develop the AI ecosystem in the Kingdom. The SCAI will work closely with SenseTime, and will also operate an AI lab…
Abu Dhabi’s ADQ fund becomes crucial to achieve domestic and international objectives of the country
September 13, 2022 ADQ, Abu Dhabi’s newest sovereign fund, has a remit to reshape the emirate’s economy and is key to the oil exporter’s diplomatic ambitions, according to industry experts. While the Abu Dhabi Investment Authority (ADIA) focuses almost exclusively on long-term financial returns, ADQ and Mubadala, another Abu Dhabi sovereign fund, have broader objectives, according to Steffen Hertog, Associate…
Greenstone Equity Partners launches Investor Advisory Board to accelerate growth in the GCC
April 28, 2022 (Dubai, UAE) Greenstone Equity Partners, the leading capital raising firm in the Middle East, announced the formation of its Investor Advisory Board of prominent GCC business leaders to provide strategic guidance and support as Greenstone continues its expansion after 11 years of operations in the region. The Investor Advisory Board has been established with the goal to…
Greenstone Equity Partners and CenterSquare Investment Management secure $125 Million for Service Properties’ Joint Venture
March 2, 2022 (Dubai, UAE) CenterSquare Investment Management announced the launch of a Service Properties’ Joint Venture (the JV) with a Middle Eastern capital partner. The JV has the ability to acquire up to $125 million in assets. Greenstone Equity Partners led CenterSquare’s capital raising across the GCC. The JV is focused on acquiring and building a diversified portfolio of…
Pelion Venture Partners Close Pelion Venture Partners Fund VII at $365 Million
December 14, 2021 (Dubai, UAE) Earlier this month, Pelion Venture Partners announced the October closure of their Pelion Venture Partners Fund VII at $365 million, exceeding their initial target of $250 million. Greenstone Equity Partners, the largest licensed fund placement firm in the Middle East, supported Pelion Venture Partners in achieving fund closure by raising capital from its network of GCC-based…