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Government Agency.
Future Bite Size
Future Number of GPs to Invest with
Approx. Future Capital to be Invested
Approx. Number of Funds Commit to in Future
INVESTMENT OPPORTUNITIES
Directs
Secondary Directs
Debut / First Time Funds
Co-investments
•
KUWAIT FUND FOR ARAB ECONOMIC
DEVELOPMENT
HEAD OFFICE
Investment Department
P.O. Box 2921
Mubarak Al-Kabeer Street
Safat
13030
Kuwait
Tel: +965 299 9000
Fax: +965 299 9390
www.kuwait-fund.org
info@kuwait-fund.org
ASSETS / FUNDS UNDER MANAGEMENT
USD 9.2 billion (as of 31 December 2006)
ALLOCATION TO ALTERNATIVES
20%
ALLOCATION TO REAL ESTATE
7%
AMOUNT ALLOCATED TO REAL ESTATE
USD 644 million
ALLOCATION TO PRIVATE REAL ESTATE
(As a percentage of real estate)
78%
YEAR FIRST INVESTED IN PRIVATE REAL ESTATE
1997
ADVISORS
CONTACTS
Mr. Ghanem Al-Geinaiman
Director of Investments
ghanem@kuwait-fund.org
Safat, Kuwait
Mr. Khaled Al-Mudhaf
Assistant Director, Real Estate Investments
Tel: +965 2999 334
al-mudhaf@kuwait-fund.org
Safat, Kuwait
Ms. Hanadi Shabakouh
Head of Real Estate
hanadi@kuwait-fund.org
Safat, Kuwait
BACKGROUND
Established in December 1961, the Kuwait Fund for Arab Economic Development is the agency of the State of Kuwait for the provision and
administration of financial and technical assistance to developing countries. The operations of the Fund were originally confined, in accordance with its
initial mandate, to the Arab countries. Today, the Kuwait Fund is an autonomous public body having an independent legal personality. The objective of
the Fund is to provide assistance to the developing countries in their efforts towards economic development.
The Fund has more than $9.2 billion in assets under management and allocates around 7% to its real estate investment activities, including public real
estate securities and private equity real estate funds. The institution is an experienced investor in private real estate real estate funds, having invested
in 47 funds internationally. The Fund primarily invests in core, value added and opportunity funds around the world, with the exception of the Middle-
Eastern and North African regions. It is looking to invest in the same kinds of funds in the future and commits approximately $120 million to private
equity funds each year.
REAL ESTATE ALLOCATION BREAKDOWN
Provides a breakdown of the institution's allocation to real estate, in terms of direct, public and private real estate investments.
Invests? %
Direct Real Estate
Public Real Estate • 22%
Private Real Estate Funds • 78%
PRIVATE REAL ESTATE INVESTMENT ALLOCATION BREAKDOWN
Provides a breakdown of the institution's allocation to private real estate, in terms of fund type, sectors, geography and investment opportunities.
Bite Size USD 10-50m
Current Number of GPs Invested with
Approx. Capital Committed to Date
Approx. Number of Funds Committed to 47
The Global Directory of Investors in Private Real Estate Funds – Second Edition
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