Dubai International Capital Global Equities sources, executes and manages investments in public securities listed on international stock exchanges throughout the world, primarily through a dedicated US$2 billion fund - Global Strategic Equities Fund LP (‘GSEF’). The fund aims to make structured investments in Fortune 500 global companies and seeks to become a leading shareholder in pre-eminent large global capitalisation stocks. GSEF’s investments to date include a substantial stake in HSBC and a 3.12% stake in EADS, the parent company of Airbus.
Global Strategic Equities Fund (GSEF)
In October 2006, Dubai International Capital launched the Global Strategic Equities Fund LP (‘GSEF’) and commitments at first closing totalled US$1 billion. A final closing at a minimum of US$2 billion is planned for early 2008.
The GSEF aims to generate attractive target returns by building a concentrated portfolio of structured equity and equity-related investments representing substantial, strategic holdings in leading Fortune 500 businesses. GSEF has a global mandate and a management friendly orientation. The fund invests on a long-term horizon and makes substantial use of derivative products offering downside protection and embedding a significant degree of leverage features. Seeking out undervalued large capitalisation stocks, the GSEF team applies an extensive and fundamental investment selection process much akin to the private equity approach to investing.
Whilst Dubai International Capital is the cornerstone investor in GSEF, the fund has been able to garner substantial demand from other investors including government investment arms, ultra high net-worth individuals, key institutions in the UAE, Qatar and Saudi Arabia as well as bulge bracket investment banks.
GSEF is a closed-ended limited partnership denominated in US Dollars and NewDawn Global Strategic Equities Asset Management Limited, the General Partner for GSEF, is a Dubai International Financial Centre incorporated and Dubai Financial Services Authority regulated entity.
