Istithmar Announces an Investment of USD 100 million in [NoCo A LP]
Istithmar PJSC, a major international investment house based in the UAE, is pleased to announce an investment of $100 million in [NoCo A LP] and its investment management business, the new financial services firm headed by Mr. Joseph Perella, the renowned investment banker. [NoCo A LP] will provide corporate advisory and investment management services to clients around the world.
Mr. Sultan bin Sulayem, Executive Chairman of Istithmar, said “This is a wonderful and exciting opportunity for Istithmar to partner with [NoCo A LP.] We have full faith in Joe and his team of seasoned professionals. With the growth and complexity in today’s global financial services landscape, we believe that our investment in [NoCo A LP] will be a great asset for Istithmar. We look forward to many years of successful partnership.”
Mr. Perella added, “We greatly welcome the association with Istithmar, a leading alternative investment firm, and are delighted to be affiliated with one of Dubai’s premier financial institutions. We look forward to working together to provide exceptional results for all of our partners.”
Istithmar PJSC is an international investment house based in the United Arab Emirates focusing on private equity, real estate and other alternative investments. Established in 2003, Istithmar was created with the key mission of earning exceptional returns for its investors while maintaining due regard for risk.
Istithmar, which means investment in Arabic, applies global expertise with local insights to coordinate the appraisal and implementation of various opportunities. Istithmar’s ‘I’ investment philosophy is based around three core principles -- Ideas, Inquiry & Integrity -- sets the foundation for the firm which has a broad portfolio of highly successful companies in markets from North America to Europe to Asia to the Middle East.
Established with an initial investment capital pool of $2 billion, Istithmar has, to date, invested in 35 companies deploying approximately USD 1.6 billion in equity capital. It currently focuses its activities in four industry verticals – Consumer, Financial Services, Industrial and Real Estate.
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