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…
$2 trillion Saudi Aramco IPO valuation looking for SWF investment
September 26, 2019 (Riyadh) According to an article published on VCCiRCLE, sources have stated that Saudi Aramco has approached a number of sovereign wealth funds based in the Gulf and Asia to invest in the domestic leg of the oil giant's listing as it seeks to achieve a $2 trillion valuation. Those approached included the United Arab Emirates' Abu Dhabi…
QIA committed to the UK for the long-term
September 21, 2019 (Qatar) A recent article on I Love Qatar.net reported that the CEO of the Qatar Investment Authority (QIA) has affirmed QIA’s long-term commitment to the UK through a continuous and diversified investment strategy. QIA has built a global portfolio of assets within the UK and has successfully established partnerships with several leading British financial institutions. The article…