Apex wins Shuaa Capital mandate

MandateUAE-based asset manager, Shuaa Capital, has appointed Apex Group as the fund administrator for its US$200 million Financing Opportunities Fund.  The fund is focused on special situations in the Gulf Cooperation Council (GCC) and has so far pulled in $68 million in capital commitments from investors.  The mandate will see Apex provide financial reporting, investor communication, capital transactions and accounting support.  The arrangement is an extension of an existing partnership between the two firms. Three sharia funds launched by Shuaa in the Abu Dhabi General Market earlier this month are also administered by Apex.  “We are delighted to further expand and strengthen our relationship with Shuaa and to provide administration services to their new fund,” said Glyn Gibbs, regional head of business development, Mena at Apex Group.  Shuaa also announced its appointment this week as an advisor to venture capital firm, 500 Startups and its Mena-focused Falcons I fund. The manager will provide advice on financing and exit strategies as the VC fund nears the end of its deployment in the region. © 2020 funds global mena


Change brings progress and long-term opportunities in Saudi Arabia

Saudi_ArabiaNaomi Waistell, an emerging markets fund manager at Polar Capital, analyses change in Saudi Arabia – a hydrocarbon country with green ambitions and which is set on a major economic...

New income streams

Romil_PatelAlthough it is awash with oil and, therefore, capital, the Gulf region is at a critical juncture: it must diversify its...

Executive Interviews

INTERVIEW: ‘Financing is the blood of Iran’s economy’

Amid a fresh wave of American sanctions, Romil Patel spoke to Meysam Hamedi, director of financial markets and instruments at Iran’s Securities & Exchange Organization (SEO).

INTERVIEW: Totally mega

In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...

INTERVIEW: Protecting the investment

Rasmala’s trade finance fund recently passed $100 million in assets. Doug Bitcon, head of credit strategies, explains why he has to be hands-on.

EXECUTIVE INTERVIEW: A natural interest in the topic

Since 2016, Guillermo Ortiz has been a chairman of Latin America’s BTG Pactual. The former central banker of Mexico talks to Nick Fitzpatrick.


Middle East Investor Roundtable 2020: Dimensions of diversification

Investors in the Middle East consider the tools that will be needed to navigate the Covid-19 crisis, the continued appetite for dividend and why it’s all about tech. Chaired by Romil Patel.

South Africa asset management roundtable: Global rebound on ice

Experts discuss the investment implications of the coronavirus pandemic, a delayed rebound in global growth and dealing with South Africa’s energy issues head on. Chaired by Romil Patel in Cape Town.

South African roundtable: Taking the bull by the horns

Our panel discusses Chinese investment in Africa, financial institutions’ contribution to economic sustainability and regulatory concerns. Chaired by Romil Patel in Cape Town.

ROUNDTABLE: Hooked to the global caravan

With the MENA region at a tipping point, our panellists talk about economic diversification, the impact of regulation and the delayed Saudi Aramco listing. Chaired by Romil Patel in Dubai.