PineBridge signs PE tie-up with Saudi group
The agreed joint venture with Kingdom Holding Company will invest in direct private equity deals in Africa and reflects fast-rising interest in the continent, including from Asia.
US-based PineBridge Investments' agreement with Saudi Arabia's Kingdom Holding Company to jointly invest in African private equity assets reflects fast-growing interest in the continent, including from Asia.
Kingdom Holding is a diversified investment holding company with $12.77 billion in available-for-sale assets as of June 30, 2013, and it is chaired by Saudi prince Alwaleed Bin Talal Bin Abdulaziz Alsaud.
The joint venture will invest in African companies, in response to ris…
Please sign in or register
for free access to 1 article per month from AsianInvestor’s content and archives of over 16,000 articles.
¬ Haymarket Media Limited. All rights reserved.