Hedge fund leaders, including prominent figures like Ken Griffin and Paul Singer, convened in Abu Dhabi for a private event organized by Goldman Sachs Group Inc. The gathering focused on the substantial financial resources available in the Middle East, particularly as US investors prepare for potential recession risks. The meeting highlighted the growing appeal of...
PeopleStrong, a prominent provider of human capital management (HCM) software as a service (SaaS), announced today that Goldman Sachs Alternatives has acquired a majority stake in the company. This investment marks a significant step in PeopleStrong’s growth strategy within the Gulf Cooperation Council (GCC) region, particularly targeting markets in the UAE and Saudi Arabia. The...
Dubai-based Mashreq has announced a partnership with Goldman Sachs Asset Management to offer discretionary investment services aimed at high-net-worth individuals in the Gulf region. This collaboration is designed to meet the increasing demand for professionally managed portfolios, with services expected to be available starting this month. As the number of affluent individuals seeking sophisticated investment...
Saudi Arabia’s Public Investment Fund (PIF) and Goldman Sachs Asset Management have recently signed a non-binding memorandum of understanding (MoU). This partnership will allow PIF to serve as a strategic anchor investor for new private credit and public equity strategies in Saudi Arabia and the wider Gulf Cooperation Council (GCC) region. An anchor investor is...