Alternatives

SNB Capital launches oil and gas fund

Saudi-based asset manager SNB Capital has announced plans to launch a sharia-compliant US$230 million fund that will invest in ‘top-tier’ oil and gas fields...

BNY Mellon wins Lunate fund admin mandate

Lunate Capital, the Abu Dhabi-based alternative fund manager, has selected BNy Mellon as its fund administrator. US-based asset servicer BNY Mellon will provide global custody,...

Saudi Arabia launches investment funds to promote film industry

Two separate investment funds have been launched in Saudi Arabia with the aim of promoting the country’s film industry. Riyadh-based asset manager MEFIC Capital has...

Al Mal Capital REIT preps rights issue

UAE-based real estate fund Al Mal Capital Real Estate Investment Trust (AMCREIT) has announced a “significant” rights issue. Following approval from the UAE Securities and...

Chinese PE firm opens Abu Dhabi office

The Abu Dhabi Global Market (ADGM) has welcomed another overseas alternatives firm as the UAE continues to court global hedge funds. Chinese private equity firm...

PIF-backed VC firm to target Mena startups

MSA Capital, a China-based venture capital (VC) firm that is backed by Saudi sovereign wealth fund Public Investment Fund (PIF), is planning to raise...

Lunate sets up private assets JV

Lunate, the US$100 billion alternative asset manager set up by Abu Dhabi-based asset manager Chimera Investments, has launched a joint venture (JV) in the...

Shuaa Capital denies privatisation rumours

Dubai-based asset manager Shuaa Capital has refuted stories that it plans to delist from the Dubai Financial Market (DFM). In a statement to the exchange,...

HIG Capital opens Dubai office

US-based HIG Capital is the latest alternative investment firm to set up shop in Dubai. The firm, which has US$60 billion of assets under management,...

Number of newly licensed firms in Dubai rises by 25%

Dubai’s Financial Services Authority (DFSA) issued a record number of licences in 2023 for financial services firms looking to set up base in the...