Rebels declare ceasefire in DR Congo for 'humanitarian reasons'    Turmoil as Trump and Musk take aim at top US aid agency    Guillain-Barre syndrome: India faces outbreak of creeping paralysis    Saudi crown prince and German president discuss regional developments    OPEC+ reaffirms commitment to production cuts to ensure oil market stability    GACA president inaugurates Air Cargo Security Control Center The center enables real-time remote inspection and monitoring of air cargo across Saudi Arabia    Saudi Economy Minister meets German Finance Minister in Riyadh    Saudi Sherpa Office holds first G20 workshop in preparation for 2025 summit    Non-oil activities account for 52% of Saudi Arabia's GDP in 2024, says finance minister Saudi-German roundtable in Riyadh explores economic cooperation, and investment opportunities    Saudi Arabia, Germany agree to establish Green Hydrogen Bridge    Syrian President visits Saudi Data and Artificial Intelligence Authority    Trump takes aim at EU and UK in latest tariff threat    Spain's former football boss on trial over World Cup kiss    Grammy Awards 2025: Beyoncé wins best country album    Imavov knocks out Adesanya in second round as Riyadh Season hosts thrilling UFC night    Museum Authority to open second edition of 'Art of the Kingdom' exhibition in Riyadh    Al Ittihad stages dramatic comeback to defeat Al Kholood 4-3 in thriller    Al Nassr signs Colombian striker Jhon Durán from Aston Villa    Saudi composer Nasser Al-Saleh passes away at 63    Saudi drama icon Mohammed Al-Towayan passes away at 79    Bollywood star Saif Ali Khan 'out of danger' after attack at home in Mumbai    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Greenstone. iTech Capital team to link GCC investors
Published in The Saudi Gazette on 29 - 11 - 2015

Greenstone Equity Partners, one of the largest independent fund placement firms in the Middle East, announced its collaboration with Europe based iTech Capital, a venture capital firm focused on growth investments in digital economy businesses.
iTech are raising capital for iTech Fund II ("Fund"), a $200 million fund that will invest in core ICT segments such as AdTech, FinTech, SAAS, Online Travel and Big Data. iTech's first fund, iTech Fund I LP ("Fund I"), vintage 2011, a $100 mn fund, has a projected Gross IRR of 35% and has generated a DPI of 10%. New LPs in Fund II will have the opportunity to invest at favorable terms including first refusal rights, with Fund II investors having the opportunity to participate in some of the Fund I follow on investments, and have the opportunity to co-invest on the same or very close to initial terms.
A particularly attractive attribute of iTech is their ultra-transparent internal portal that allows LPs to access all data regarding portfolio companies, co-investment opportunities and even trade portfolio positions in a secondary market within the LP network.
The team at iTech is anchored by Managing Partner Gleb Davidyuk, a seasoned professional in the private equity and venture capital industries who has worked for a range of well-established groups including Quadriga Capital, Mint Capital and Alfa Capital Partners since 1995.
"We are delighted to collaborate with iTech due to their robust reputation in delivering remarkable results for their investors. iTech's team of investment professionals are thorough and knowledgeable, with over 50 years of cumulative investment experience and are passionate about creating success," said Omar Al-Gharabally, president of Greenstone Equity Partners.
"Owing to the Middle Eastern investor mentality, venture capital investment has become more and more mainstream over the last decade and with this relationship we are confident that we are introducing solid investment opportunities to investors across the region."
"The MENA region has important sources of capital flows and wealth accumulation, and with increased liquidity, local and international investors consider venture capital and all of its sub-sets to be a core part of their investment portfolios," said Gleb Davidyuk, managing partner of iTech.
"With Greenstone Equity Partners' thorough market knowledge and strong relationships, we believe that we can establish a strong footprint in this region and develop new long-term relationships," he added. — SG


Clic here to read the story from its source.