Abu Dhabi Investment Company

The Abu Dhabi-based private equity firm and the Japanese conglomerate have once again partnered on an emerging market-focused fund.

Far from feeling the impact of the slowdown, the firm is charging ahead with growth plans.

The rebranded firm, formerly the Abu Dhabi Investment Company, aims to raise a fund more than triple the size of its predecessor.

While the firm is focused on the Middle East and North Africa, ‘this is a fantastic time for global real estate’, said ADIC’s head of private equity, citing declining valuations, which ‘would continue for some time’.

The name change is part of the Middle East investment firm’s strategy to attract international and local investors to invest in the region.

ADIC, Korea Development Bank and the Korea Trade Promotion Agency aim to boost the private equity, real estate, and infrastructure investment flow between the MENA region and South Korea.

The joint venture between Abu Dhabi Investment Company and UBS Global Asset Management is raising a $600m fund to invest in infrastructure development in the MENA region. Research commissioned by the two firms predicts soaring government infrastructure spend in the region.

Formerly an investment vehicle for Abu Dhabi’s sovereign wealth, the Abu Dhabi Investment Company is expanding into M&A advisory with the hire of Alex Carré de Malberg.

The fund’s advisory board includes several US foreign policy heavyweights, including General Wesley Clarke and terror-expert Richard Clarke.

Private equity in Turkey has been on the up for a few years now, without ever quite taking off. But stars seem to be aligning in its favour.

Private equity in Turkey has been on the up for a few years now, without ever quite taking off. But stars seem to be aligning in its favour.

G Capital, the private equity subsidiary of Gulf Finance House, has acquired Turkey’s Adabank in a deal worth $75m.

The European company has taken control of Turkey’s Hedef for a reported £100m, in ‘the first of a number of acquisitions’, according to chairman Stefano Pessina.

The capital will be used to fuel acquisitions and refinance the existing debt of oil & gas services-focused Gulf Marine Maintenance and Offshore Service Company.

The presence of a large number of family offices in the Middle Eastern LP base underlines the importance of relationships in the region, writes Siddharth Poddar.

Korea Investment Corporation has signed memorandums of understanding with Australia’s QIC and Malaysia’s Khazanah Nasional to jointly explore investment opportunities.