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 becomes first Fund Placement Firm licensed by UAE Securities and Commodities Authority
June 11, 2019 (Dubai) Greenstone Equity Partners, the largest fund placement firm in the Middle East, has become the first firm of its kind to obtain a license to promote financial products and foreign securities by the UAE's Securities and Commodities Authority (SCA). The SCA has granted Greenstone’s UAE subsidiary, Greenstone Equity Partners Financial Products Promotion L.L.C., a license to perform…
Middle East based boutiques offer alternative to global firms
April 7, 2019 (Dubai) Greenstone Equity Partners is leading the dialogue on challenges faced by bankers looking to go it alone in the Middle East. Greenstone Equity Partners' Alex Gemici, was quoted: Even if the founder has deep personal relationships within the region, clients and counterparties want to feel comfortable that any new firm will have longevity and will operate…
Liquidity becoming key for investing in hedge funds
April 7, 2019 (Dubai) Greenstone Equity Partners shares it's depth and breadth of expert industry knowledge on hedge funds. Alex Gemici, Greenstone's CEO has been quoted: There has been a swing back to high quality hedge funds in recent years as investors have begun to ascribe greater value to liquidity. In asset classes such as private equity or venture capital,…