Dubai International Capital related stories
All articles and analysis
SHUAA CEO leaves to set up own firmIyad Duwaji has ended a 20-year career with SHUAA to set up an independent private equity platform. DIC's Sameer Al Ansari has reportedly been considered as a replacement.
- Alaska invests $250m in Oaktree’s eighth fund
The $32bn endowment has invested in Oaktree Opportunities Fund VIII, which is targeting between $4bn and $6bn.
- Oaktree, Centerbridge among CIT bondholders to offer $3bn rescue
The troubled mid-market lender CIT Group has received a $3bn rescue package from a group of its bondholders that will prevent it from collapse, at least for the short term.
- MENA Infrastructure Fund buys 32.8 percent stake in United Power
The firm bought the stake from GDF Suez Group when it was asked to divest its holdings in the Oman-based company when it was selected to develop other power projects in the Sultanate.
- Investcorp hires 30-year Citi vet to lead Gulf activities
Mohammed Al-Shroogi has resigned from the financial services giant to join the Bahrain-based investment manager.
- Global Investment House restructures
Following on from its debt default in December, the Kuwaiti-government backed financial institution has restructured its management as part of ongoing reform. It is unclear how this affects its private equity activities.
- Dubai moves to reduce back office overhead
Dubai International Capital and Dubai Group have been placed into the same holding company, while the debt-laden emirate has also combined back office functions for its three real estate entities.
- TPG halts stake sale talks with LPs
Valuation difficulties have prompted the Texas-based mega-firm to cease talks that began more than a year ago with the Kuwait Investment Authority and two California pensions over the potential sale of a single digit stake in its management company.
- DIC parts company with dealmakers
Sylvain Denis and Alan Hyslop are to leave Dubai International Capital, leaving the firm’s private equity business in the care of portfolio managers David Smoot and Eric Kump.
- China Dubai Capital revises fundraising timeline
Backed by Dubai International Capital and First Eastern Investment Group, the fund’s plans to close on $1bn by October have been dashed by investors’ lack of liquidity.