Home » Abu Dhabi Investors »

|| Abu Dhabi Mubadala to invest $100 million in Russian fund manager

mubadala.pngMubadala, the Abu Dhabi-based investment company, and Verno Capital, a specialist fund manager in the capital markets of Russia and the CIS, announced that Mubadala will invest $100 million into Verno managed funds.

This agreement represents Mubadala's first investment in the Russian market.

Mubadala is listed in the Middle East Investors Directory with the code EM14.

Their full press release follows

Mubadala Development Company (Mubadala), the Abu Dhabi-based strategic development and investment company, and Verno Capital (Verno), a specialist fund manager in the capital markets of Russia and the CIS, today announced that Mubadala will invest $100m into Verno managed funds. This agreement represents Mubadala's first investment in the Russian market.

Verno Capital was founded by Dimitri Kryukov and his three Partners, who together are one of Russia's most experienced and successful investment teams. Chief Investment Officer Kryukov has 18 years capital markets experience in the region.

Before establishing Verno, Kryukov and his senior team were at Kazimir Partners which delivered annualized returns to investors of 30% from inception in 2002 to 2008.

Mubadala Chief Executive Officer Khaldoon Al Mubarak, said, "Russia's recent economic performance and the future potential for the broader region make it an exciting new market for Mubadala. Following an analysis of opportunities in Russia, it became clear that the most effective approach to our first investment in the region was to collaborate with a proven local partner. We are therefore pleased to announce our partnership with Verno whose leadership has a great track record. We are confident that together we will foster a strategic relationship that will create new investment opportunities for both Mubadala and Verno."

Verno is attracting new funds into the Russian and CIS capital markets, targeting investors from emerging markets in the Middle East and Asia as well as from the traditional markets of the USA and Europe. Investors looking to capitalize on the potential of the Russian and CIS markets through Verno managed funds will be supported by Verno offices in Russia, Switzerland and the USA.

"Mubadala is a world class investor and our partnership offers both organizations the opportunity to capitalize on the dynamic potential of the Russian and CIS markets," said Dimitri Kryukov, founder of Verno Capital. "At the same time Mubadala is at the vanguard of a new class of investors into Russia. We believe this vote of confidence is a signal to top emerging market investors around the globe."

Previous Post: Qatar investment firm acquires 28% stake in India’s exhibitions organizer
Next Post: Bahrain investment firm acquired a London school for $28 million

More from Abu Dhabi Investors ...

  Abu Dhabi firm Waha Capital invested $76 million in New York listed firm AerCap Holdings (May 2016)

  Middle East investors of Rasmala and GII acquired Airbus office complex in UK for $42 million (March 2016)

  Abu Dhabi firm ADFG invested in Montenegro Capital Plaza (November 2015)

  Abu Dhabi investment firm acquired stake at three Hong Kong hotels for $2.4 billion (May 2015)

  UAE firm NMC acquired Spanish fertility clinic for $161 million (March 2015)

  UAE investment firm acquired Scotland Yard HQ for $579 million (December 2014)

  Abu Dhabi fund buys 31 Accor hotels in Australia for $740 million (September 2013)

  Abu Dhabi investment firm ADIC buys stake in Tokyo property (August 2013)

  Abu Dhabi and Qatar funds front-runners to acquire 42 Marriott hotels for $1 billion (July 2012)

  US Paladin Capital and Abu Dhabi Invest AD to launch $100 million fund (May 2012)

|| About Us

Established in 2007, DubaiBeat.com provides insight, analysis and research on Middle East investors.

We cover different asset class investors like private equity, venture capital, hedge funds and real estate investors from the Middle East and broader MENA region.

|| Subscribe

Copyright 2007-2017 DubaiBeat.com    Sitemap  |  Terms  |  Privacy Policy

Follow us: RSS Feed   Facebook    Twitter