ADQ’s portfolio rises to $200 billion, Global SWF estimates
October 23, 2023 Abu Dhabi’s wholly owned strategic investment company ADQ's portfolio has jumped to $200 billion, backed by the performance of the emirate's main utility, Abu Dhabi National Energy Co., also known as Taqa, Global SWF said. Last year, ADQ divested 8.6% of Taqa, a stake worth around $3.6 billion, to Multiply Group, Abu Dhabi Pension Fund and other…
Abu Dhabi Investment Authority (ADIA) invests approximately $600 million in Reliance Retail at $100 billion valuation
October 6, 2023 Abu Dhabi Investment Authority is investing $597 million in Reliance Retail, valuing the largest Indian retail chain at a whopping $100 billion. The investment follows KKR and Qatar Investment Authority together investing $1.7 billion in the Indian firm, which is part of Mukesh Ambani’s Reliance Industries. Abu Dhabi sovereign-wealth fund’s investment will fetch it a 0.59% stake in…
Close to $4 trillion assets managed by SWFs in the GCC
Aug 9, 2023 Sovereign Wealth Funds (SWF) in the UAE accounted for 62% of the total $74 billion capital deployed in 2022 by the GCC state-owned funds that are managing close to $4 trillion worth of assets, according to S&P Global Market Intelligence. Five of the world’s 10 biggest spending state-owned investors (SOIs) of 2022 were from the GCC and…
Mubadala acquires stake in U.S.-based Aligned Data Centres
August 2, 2023 Mubadala Investment Company, the Abu Dhabi sovereign investor, announced it has invested in Aligned Data Centres (Aligned), a leading Pan-Americas data centre company headquartered in the U.S. With this investment, Mubadala will become a minority partner alongside majority partners managed by Macquarie Asset Management. Aligned offers both Scale Data Centres (colocation) and Build-to-Scale (Build-to-Suit) solutions to support…
UAE is one of the world’s fastest growing economies
July 14, 2023 The UAE’s real GDP growth accelerated during 2022 due to a robust recovery in non-oil GDP and a sizable expansion of oil GDP, according to the Financial Stability Report for 2022 released by the Central Bank of the UAE. The report noted that this comes at a time when the global economy experienced a slowdown in 2022, with…
Greenstone recognized globally as top placement firm in 2018 and 2019
December 5, 2019 (Dubai) In an article by Institutional Investor, Greenstone Equity Partners was highlighted as the top placement agent for funds closed from the beginning of 2018 through June 30, 2019. Greenstone assisted 32 funds which attracted a total of $17.9 billion over that period, according to Preqin's December 2019 League Tables special report on Prominent Placement Agents. Preqin…
Middle East investors looking for the right strategies
September 29, 2019 (Dubai) In an interview by Banker Middle East, Greenstone Equity Partners' Chairman, CEO and Founder Alex Gemici, provides valuable insight on the current global political environment and the precarious position of the markets make existing geopolitical tension more of a risk than before. Highlights from the interview include: Commenting on the challenging geopolitical operating conditions, Alex Gemici…
Abraaj collapse drives GCC-based investors towards U.S. and European fund managers
August 1, 2019 (Dubai) In the wake of the Abraaj collapse, Greenstone Equity Partners observes GCC-based investors accelerating towards well-established fund managers in the U.S. and Europe, preferring to commit fund capital to safer havens in a flight to quality. Greenstone’s Chairman and CEO Alex Gemici was quoted in Bloomberg as stating: “The collapse of Abraaj has eroded institutional investor…