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Unrest in Syria Stops Qatari Sovereign Wealth Fund Project

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Syria is undergoing domestic unrest and the current regime is heavily cracking down on dissenters. The security situation has made it thorny for foreign developers to continue investment projects. Qatari Diar is the real estate arm of the Qatar Investment Authority. They have temporarily stopped investment projects in Syria until the security situation clears up.

When the security situation improves Qatari Diar will resume real estate development operations in Syria. In the Syrian seaport city of Latakia, Qatari Diar is developing the Ibn Hani Bay Resort project which will cost around US$ 350 million. The luxury real estate project began in January 2010 and it stretches over 244,000 square meters on the Ibn Hani coast.

Why Did Virtus Investment Partners Buy Sustainable Growth Advisers?

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On February 2, 2018, Virtus Investment Partners, Inc. revealed they acquired a 70% interest in Stamford, CT-based Sustainable Growth Advisers, LP, a high-conviction U.S. and global growth equity portfolio management company, from private equity firm Estancia Capital Management and a portion of equity held by the asset manager’s partners (including Sustainable Growth Advisers’ three co-founders). Scottsdale, Arizona-based Estancia Capital Management bought a minority interest in Sustainable Growth Advisers in August 2013 when it had US$ 5.3 billion in assets. Estancia Capital Management is noted for having a number of partners being from Lovell Minnick Partners LLC, a private equity firm specializing in asset management company buyouts.

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HKMA and TRS Participates in Investment in Kakao Mobility

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Private equity firm TPG led a group of investors to acquire a minority ownership stake in Kakao Mobility Corporation, a South Korean taxi hailing service provider. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Meraas Holding Names Former KIO Executive as CEO

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Osama Al-Ayoub, the former CEO and President of the Kuwait Investment Office (KIO), was hired by property firm Meraas Holding to be its chief executive officer. KIO is a London-based unit of the Kuwait Investment Authority (KIA). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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