Sat, Aug 29, 2015
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. Investing - Hedge funds suddenly find real money is back in Argentina's debt, Elon Musk buys more SolarCity stock following hedge fund manager short, BlackRock plans to get into rental-home financing[more]

    Hedge funds suddenly find real money is back in Argentina's debt From Bloomberg.com: The real money is back in Argentina. Before the country’s default in July 2014 (its second in 13 years), most long-term investors abandoned its bond market. As they rushed out, Argentina became a favorit

  2. Activist News - Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping, Meet Europe's best activist investor[more]

    Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping From Businessinsider.com: Carl Icahn has picked his next target: Freeport-McMoRan. Icahn and a group of other investors have snapped up an 8.46% stake in mining company Freeport-McMoRan, according to a j

  3. North America - Hedge fund manager Ray Dalio’s challenge to the Fed[more]

    From Newyorker.com: For some reason, Janet Yellen, the chair of the Federal Reserve, decided to skip this year’s annual Fed conference in Jackson Hole, where monetary policymakers from the United States and abroad get together with some prominent academics to discuss the big issues of the moment. Th

  4. Performance - Hedge funds set to bank millions by short selling during London share slump, The China market chaos has made this hedge fund its most money in 2 years, Odey hedge fund said to surge 9% betting against China, Hedge funds with long-held bearish views on China rack up profits, Hedge funds in U.S. seen curbing damage from August turbulence, Hedge funds collect on their predictions of a fall, How did managed futures do while the Dow was down 1000[more]

    Hedge funds set to bank millions by short selling during London share slump From TheGuardian.com: Hedge funds are set to bank tens of millions of pounds from the slump in share prices in London, having bet almost £18bn that the FTSE 100 would fall. The funds making the bets include Lansd

  5. Opalesque Exclusive: John C Head IV leaves alternative investment firm Gallery Capital, David Harrison joins as co-CIO[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: John C Head IV, former president and co-founder of Gallery Capital Management, an alternative inv

 

banner