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Movers & Shakers, Summer Edition

11th August, 2023

August is normally a prolific month for appointments and new hires, especially among those funds in the Northern Hemisphere and for those executives with families that need to relocate and find new schools. Here’s an update of what is happening around the human capital of Sovereign Investors:

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ADQ and IHC: The Blurred Boundaries of Abu Dhabi State Capitalism

3rd August, 2023

Abu Dhabi sovereign fund ADQ and IHC Capital, which is linked to the ruling family, are planning to consolidate property and events assets into Q Holding to create a regional leader in the real estate and hospitality sector.

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Saudi's PIF Cements Relations with Oman's Sovereign Fund for Long-Term Co-operation

28th July, 2023

Oman and Saudi Arabia have strengthened their bonds with the signing of a memorandum of understanding between their sovereign wealth funds, the Oman Investment Authority (OIA) and the Public Investment Fund (PIF).

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Abu Dhabi and Bahrain Sovereign Funds Pledge Billions in Strategic Bilateral Deals

20th July, 2023

Middle Eastern sovereign wealth funds are fond of multi-billion-dollar bilateral agreements and this week was no exception with Bahrain’s Mumtalakat party to a US$1.3 billion pledge to invest in the UK economy while the UAE’s ADQ has promised to stump up US$11.5 billion to support the Turkish economy.

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Ethiopia’s EIH and Mauritius’ MIC join Africa’s SWF Club

7th July, 2023

On Thursday and Friday this week, Agaciro Development Fund hosted the second annual meeting of the African Sovereign Investors Forum (ASIF) in Kigali, Rwanda. The Forum was started by Morocco’s Ithmar Capital last year in Rabat in an attempt to increase collaboration among African SWFs, to compare notes of common challenges, and to create appealing, sizeable, Pan-African investment opportunities for foreign (e.g., Middle Eastern) SWFs.

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UAE forms Ministry of Investment to be led by ADQ's CEO

3rd July, 2023

The United Arab Emirates (UAE) has been going through significant changes at federal level during the past few months:

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UAE Sovereign Funds Snap Up Korean Talent in Bid for Asian Growth

26th June, 2023

Abu Dhabi sovereign wealth fund Mubadala has recruited rising star Ahn Seung-gu, Korea Investment Corporation's (KIC) senior director for private equity, as it seeks to boost its exposure to developed markets in Asia.

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War-Torn Ukraine Gains Interest from UAE’s Sovereign Wealth Funds

12th June, 2023

Abu Dhabi state-owned investors indicated their interest in backing the war-torn Ukrainian economy as representatives of the funds joined a top-level bilateral meeting at the weekend, at which the Ukrainian government announced its intentions to set up a sovereign wealth fund.

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Changes in Abu Dhabi: A Tale of Two Brothers, Two Sons, and Two Key Advisors

9th March, 2023

Since Sheikh Khalifa’s demise on May 13, 2022, there has been a lot of speculation in Abu Dhabi, recently dubbed the Capital of Capital, around the new sharing of responsibilities, both political and financial.

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Lines Between Family and Sovereign Wealth Blur in Abu Dhabi With New Alternatives Manager

6th March, 2023

Two funds chaired by Abu Dhabi powerhouse Sheikh Tahnoon bin Zayed al-Nahyan are planning to create one of the Middle East’s biggest independent asset managers, with General Atlantic joining as a strategic investor and partner in the new entity.

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Saudi Fund Joins the Agtech Farming Revolution

2nd February, 2023

In an era of climate change, pressures on water resources and a burgeoning global population reaching 10 billion, indoor vertical farming is emerging to overcome the challenges and address growing food demand.

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Abu Dhabi Funds Line Up Behind Indian Billionaire’s Flagship Float

25th January, 2023

A US$2.45 billion follow-on public offering floated by Indian billionaire Gautam Adani’s flagship Adani Enterprises is receiving the backing of Abu Dhabi sovereign wealth funds Abu Dhabi Investment Authority (ADIA) and Mubadala as well as the privately owned International Holding Co. (IHC), linked to the ruling family.

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