Published in November 2007 by PEI Media Ltd Second Floor ...
Published in November 2007 by PEI Media Ltd Second Floor ...
Published in November 2007 by PEI Media Ltd Second Floor ...
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Government Agency.<br />
Future Bite Size<br />
Future Number of GPs to Invest with<br />
Approx. Future Capital to be Invested<br />
Approx. Number of Funds Commit to <strong>in</strong> Future<br />
INVESTMENT OPPORTUNITIES<br />
Directs<br />
<strong>Second</strong>ary Directs<br />
Debut / First Time Funds<br />
Co-<strong>in</strong>vestments<br />
•<br />
KUWAIT FUND FOR ARAB ECONOMIC<br />
DEVELOPMENT<br />
HEAD OFFICE<br />
Investment Department<br />
P.O. Box 2921<br />
Mubarak Al-Kabeer Street<br />
Safat<br />
13030<br />
Kuwait<br />
Tel: +965 299 9000<br />
Fax: +965 299 9390<br />
www.kuwait-fund.org<br />
<strong>in</strong>fo@kuwait-fund.org<br />
ASSETS / FUNDS UNDER MANAGEMENT<br />
USD 9.2 billion (as of 31 December 2006)<br />
ALLOCATION TO ALTERNATIVES<br />
20%<br />
ALLOCATION TO REAL ESTATE<br />
7%<br />
AMOUNT ALLOCATED TO REAL ESTATE<br />
USD 644 million<br />
ALLOCATION TO PRIVATE REAL ESTATE<br />
(As a percentage of real estate)<br />
78%<br />
YEAR FIRST INVESTED IN PRIVATE REAL ESTATE<br />
1997<br />
ADVISORS<br />
CONTACTS<br />
Mr. Ghanem Al-Ge<strong>in</strong>aiman<br />
Director of Investments<br />
ghanem@kuwait-fund.org<br />
Safat, Kuwait<br />
Mr. Khaled Al-Mudhaf<br />
Assistant Director, Real Estate Investments<br />
Tel: +965 2999 334<br />
al-mudhaf@kuwait-fund.org<br />
Safat, Kuwait<br />
Ms. Hanadi Shabakouh<br />
Head of Real Estate<br />
hanadi@kuwait-fund.org<br />
Safat, Kuwait<br />
BACKGROUND<br />
Established <strong>in</strong> December 1961, the Kuwait Fund for Arab Economic Development is the agency of the State of Kuwait for the provision and<br />
adm<strong>in</strong>istration of f<strong>in</strong>ancial and technical assistance to develop<strong>in</strong>g countries. The operations of the Fund were orig<strong>in</strong>ally conf<strong>in</strong>ed, <strong>in</strong> accordance with its<br />
<strong>in</strong>itial mandate, to the Arab countries. Today, the Kuwait Fund is an autonomous public body hav<strong>in</strong>g an <strong>in</strong>dependent legal personality. The objective of<br />
the Fund is to provide assistance to the develop<strong>in</strong>g countries <strong>in</strong> their efforts towards economic development.<br />
The Fund has more than $9.2 billion <strong>in</strong> assets under management and allocates around 7% to its real estate <strong>in</strong>vestment activities, <strong>in</strong>clud<strong>in</strong>g public real<br />
estate securities and private equity real estate funds. The <strong>in</strong>stitution is an experienced <strong>in</strong>vestor <strong>in</strong> private real estate real estate funds, hav<strong>in</strong>g <strong>in</strong>vested<br />
<strong>in</strong> 47 funds <strong>in</strong>ternationally. The Fund primarily <strong>in</strong>vests <strong>in</strong> core, value added and opportunity funds around the world, with the exception of the Middle-<br />
Eastern and North African regions. It is look<strong>in</strong>g to <strong>in</strong>vest <strong>in</strong> the same k<strong>in</strong>ds of funds <strong>in</strong> the future and commits approximately $120 million to private<br />
equity funds each year.<br />
REAL ESTATE ALLOCATION BREAKDOWN<br />
Provides a breakdown of the <strong>in</strong>stitution's allocation to real estate, <strong>in</strong> terms of direct, public and private real estate <strong>in</strong>vestments.<br />
Invests? %<br />
Direct Real Estate<br />
Public Real Estate • 22%<br />
Private Real Estate Funds • 78%<br />
PRIVATE REAL ESTATE INVESTMENT ALLOCATION BREAKDOWN<br />
Provides a breakdown of the <strong>in</strong>stitution's allocation to private real estate, <strong>in</strong> terms of fund type, sectors, geography and <strong>in</strong>vestment opportunities.<br />
Bite Size USD 10-50m<br />
Current Number of GPs Invested with<br />
Approx. Capital Committed to Date<br />
Approx. Number of Funds Committed to 47<br />
The Global Directory of Investors <strong>in</strong> Private Real Estate Funds – <strong>Second</strong> Edition<br />
502<br />
© <strong>2007</strong> <strong>PEI</strong> <strong>Media</strong> <strong>Ltd</strong>.