Sovereign Wealth Funds seek to diversify investments to distribute risks
October 30, 2019 (Riyadh) A recent article on Asharq Al-Awsat reported that a number of officials from the world's sovereign funds who participated in the 3rd Future Investment Initiative (FII) in Riyadh, said that their funds were seeking to diversify their investments to distribute the risks. Khalid Al-Rumaihi, chief executive of Bahrain’s Mumtalakat Holding Company, was quoted saying that he…
Mubadala takes a positive outlook on the global gas market with $50 million investment
October 28, 2019 (Abu Dhabi) A recent article on Hydrocarbon Engineering reported that Abu Dhabi based sovereign investor, Mubadala Investment Company (Mubadala) will purchase NextDecade’s common stock in a private placement at a price of $6.27 per share. The article went on to disclose that as part of the invetsment, Mubadala will receive one seat on NextDecade’s board of directors…
Warba, Watar Partners, KAAF, and Rimco invest in Beco Capital Fund II
October 2, 2019 (Dubai) The National has reported that Beco Capital, a Dubai-based venture capital firm, raised $100 million through its second fund, which thanks to investor appetite for start-ups, the fund oversubscribed its initial target by $20 million. The company typically invests in regionally-based early-stage start-ups with seed and Series A funding, and provides follow-on funds for the best-performing…
ADIA allocating to direct investments
October 2, 2019 (Abu Dhabi) A recent article on Gulf Business reported that Abu Dhabi based sovereign wealth fund, the Abu Dhabi Investment Authority (ADIA) is allocating more money to direct investments and stepping up its deal-making with buyout firms. ADIA and Cinven are working with a financial adviser as they consider making a joint bid for KKR’s scientific measurement…
Ascott QIA invests A$202 million in Sydney
September 27, 2019 (Qatar) A recent article on IPE Real Assets reported that an unlisted fund jointly controlled by Singapore-based The Ascott and the Qatar Investment Authority (QIA), is investing A$202 million in a 48-storey integrated development, which will include office and retail components and be the tallest tower in North Sydney, Australia on completion in 2021. The fund was…