Sat, Jul 26, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Islamic investment bank QIB partners with Eden Rock to address direct lending opportunities in UK

Monday, October 25, 2010
Opalesque Industry Update - QIB (UK) plc has formed a strategic partnership with Eden Rock Capital Management LLP to address the investment opportunities in the UK created by the ongoing constraints within the banking system to fund small and medium sized UK-based companies.

In July, Eden Rock launched the Eden Rock Direct Lending Fund which provides investors with access to a broad network of privately originated transactions in the mid market sector. Whilst Eden Rock has a global mandate, the partnership with QIB (UK) is focused on co-investment in Eden Rock’s UK deals only.

In selecting Eden Rock as a partner, QIB (UK) was attracted by the firm’s experience and network built up over the past 10 years as well as its deal selection and underwriting criteria. Eden Rock was pleased to partner with QIB (UK) as it is an established Islamic investment bank with strong connections throughout the Middle East and the UK.

Michael Clark, CEO of QIB (UK), commented, “Current market conditions offer unprecedented opportunities to invest in strong companies that have not been able to access the required funding to grow their respective businesses. QIB (UK) is delighted to work with Eden Rock in furthering our commitment to companies in this sector.”

James Matthews, CEO of Eden Rock, said, “We are delighted to be working with QIB (UK), as they are an established yet innovative Islamic investment bank and together we are excited by the growth potential of this new initiative.”

(press release)


QIB (UK) is a subsidiary of Qatar Islamic Bank which is headquartered in Doha, Qatar, and one of the largest independent Islamic banks in the Middle East. QIB (UK) received its authorisation from the Financial Services Authority in January 2008. QIB (UK) offers investment banking products and solutions to a wide range of clients in the UK and plays a major role in attracting investment from the Middle East into the UK and Europe. QIB (UK) also supports UK and European institutions looking to invest in the Middle Eastern markets. www.qib-uk.com

Eden Rock Capital Management LLP is an alternative investment management firm with a specific focus on private lending strategies. The firm was founded in 2001 and currently advises on assets in excess of US$1.4bn from offices in London and New York. www.edenrockcm.com


Bg

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Events – AIMA Australian Hedge Fund Forum, Sept. 16, Sydney[more]

    AIMA Australia invite you to join us at our annual Hedge Fund Forum on Tuesday 16th September 2014 at the Sofitel Sydney Wentworth. The AIMA Australian Hedge Fund Forum is a non-profit hedge fund conference organised by the industry for the industry, featuring quality Australian and internation

  2. Opalesque Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm

  3. Opalesque Exclusive: Loeb, Grantham cite growing economic concerns in letters[more]

    Bailey McCann, Opalesque New York: Hedge fund manager Daniel Loeb, head of Third Point, and Jeremy Grantham of Grantham, Mayo, Van Otterloo & Co. have both released their quarterly investor letters today. While news is positive on some fronts, and both men see pockets of opportunity, they also h

  4. Investing – Hedge funds expect Netflix earnings to catapult forward, Third Point's Loeb takes stakes in Fibra Uno, YPF, Royal DSM, Lake Capital in talks to back Engine Group[more]

    Hedge funds expect Netflix earnings to catapult forward From Investing.com: Netflix has made major strides forward in 2014 despite ongoing battles with the FCC and cable companies over the issue of net neutrality. The FCC has now received over 500,000 comments from the public on its pend

  5. Opalesque Roundtable: European family offices struggle to retain their investments in offshore hedge funds[more]

    Komfie Manalo, Opalesque Asia: The European Union’s Alternative Investment Fund Managers Directive (AIFMD) will constrain investment opportunities amidst concern a number of U.S. fund managers will stop marketing their products in the European Union under the new rule, said Valentin Bohländer fro