Financial Crisis: Dubai Group plans new fund for US and European markets
September 19th, 2008 admin Posted in Business, Dubai Real Estate, Dubai Real Estate News, International Real Estate, UAE Real Estate No Comments »
Financial services giant Dubai Group, part of Dubai Holding, is planning to launch a fund of funds in the first half of 2009 to invest in the US and European markets, said Chief Executive Tom Volpe.
"We’re gearing ourselves up to expand our business in the US," he said. "The fund will invest in real estate and equity and will have a private equity component."
Dubai Group, whose exposure to the US real estate market exceeds $2 billion (Dh7.3bn), may raise close to that amount with the fund.
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