Greenstone signs GCC distribution deal with US manager

Dubai-based capital raising firm Greenstone Equity Partners has agreed a distribution deal with US-based venture capital (VC) firm Pelion Venture Partners.

The deal will see two of Pelion’s funds distributed throughout the GCC market.

One of the two funds, Pelion Ventures VII, has invested more than US$1.1 billion in tech startups and Pelion Olympus Fund 1.

Pelion has previously worked with Greenstone for the distribution of its flagship fund and is doing so again with the Olympus fund serving as a co-investment vehicle.

According to Pelion, the distribution agreement with Greenstone is designed to boost its investor base in the GCC market.

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