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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


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