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Fred Tabbal Benedicte Gravrand, Opalesque Geneva: In the Gulf Region, dozens of new funds are being set up — while about 50% of them will be real estate-focused, the other 50% represent a mixture of private equity, venture capital, mezzanine, credit and hedge funds that engage in more strategies than ever, including commodities, trade finance, film funding, SME credit, or aircraft financing.
The Gulf Region includes Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and United Arab Emirates.
Furthermore, according to participants at the recent Opalesque 2014 Roundtable, local managers and service providers notice a marked increase in appetite from foreign investors to invest in funds that are managed by regional managers who invest in the region.
ON the other hand, investors in the region don’t shuffle their wealth to overseas markets any more, said Fred Tabbal, Head of Fund Services for Maples Fund Services in the Middle East, as "a lot of assets are staying here and funding local projects such as infrastructure, healthcare, education, and real estate." Furthermore, "a lot of capital was redeployed from the problematic countries that are experiencing or experienced unstable conditions or unrest to UAE, Qatar and Saudi Arabia."
This year so far, his firm has recorded a record number of funds including real estate, private equity, and single manager hedge funds, many of them being n...................... To view our full article Click here
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