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Greenstone Investors in the News

MENA SPACs drive gains momentum as Abu Dhabi sovereign fund prepares to launch its own

July 2, 2021 Investor mania for SPACs is accelerating in the oil-rich Gulf, where Abu Dhabi sovereign fund Mubadala is poised to launch two blank-check companies and a Dubai-based asset manager is raising $200 million to target mergers with companies focused on technology and healthcare in the Middle East, the Financial Times reports. Read more at: Abu Dhabi Sovereign Fund…

Huge demand in Sharia-compliant sukuk trades with issuance expected to grow

June 13, 2021 A brace of Arabian Gulf sukuk trades racked up enormous order books this past month, indicating high levels of pent-up demand for Sharia-compliant paper. Despite some "teething problems", sukuk issuance is expected to grow rapidly as hungry investors pile in. Saudi Arabian oil group Aramco raised $6 Billion in June as the company returned to the international…

Saudi PIF expansion drive pushes it up the global SWF rankings

June 10, 2021 The Sovereign Wealth Fund Institute’s new “league table” now places Saudi Arabia’s Public Investment Fund (PIF) as the seventh-largest SWF in the world. With its AUM already around $430 billion the PIF is on the right trajectory to reach its stated ambition of holding over $2 trillion in assets under management by 2030. While the Kuwait Investment…

ADIA plans to join one of the biggest leveraged buyouts of all time, investing c.$1 billion

June 10, 2021 The Abu Dhabi Investment Authority (ADIA) have confirmed that they are backing the takeover of Medline by Blackstone Group Inc., Carlyle Group Inc. and Hellman & Friedman. Also investing in the deal is Singapore’s state-owned investor GIC Pte, which values Medline at over $30 billion. Medline is the biggest private US manufacturer and distributor of medical supplies…

Prosperity7 Ventures of Saudi Aramco invests in Boston-based cloud storage start-up

June 6, 2021 Aramco’s $1 billion diversified venture capital fund is contributing to a $25 million follow-on investment through a deal that will give Wasabi a foothold in the Middle East. The investment is alongside the venture capital arm of disk-drive maker Western Digital and aims to offer a cheaper and faster alternative to Amazon Web Services’ S3 storage product.…

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