What's New In Investments, Funds? – Columbia Threadneedle, Shuaa

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Editorial Staff,


25 March 2022

The latest news on investment offerings, financial products and other services relevant to wealth advisors and their clients.

Columbia Threadneedle
Columbia
Threadneedle Investments
is rebranding the BMO GAM (EMEA)
business, acquired last year, to Columbia Threadneedle
Investments. The change will take place in July.

The BMO fund ranges will be renamed with the prefix CT,
reflecting the Columbia Threadneedle branding. It is intended
that the Threadneedle-named fund range will also transition to
the CT prefix over time from July, providing consistency across
the combined open-ended retail fund ranges in Europe, the Middle
East and Asia Pacific, Columbia Threadneedle said in a statement.

The naming convention for the Columbia funds range in the US
remains the same.

Shuaa Capital
Shuaa Capital
has launched a venture debt fund in the Gulf Cooperation Council
region with a value of $250 million, to support growth in
regional technology and tech-enabled enterprises. The firm said
the fund is the largest of its kind in the GCC region.

The Dubai-based investment banking and asset management firm said
in a statement that the fund was aimed at those seeking
alternative sources of funding without significantly diluting
their shareholding.

“SHUAA Venture Partners will provide alternative capital
solutions to high growth companies across the GCC,” Natasha
Hannoun, head of debt at Shuaa Capital, said.

The firm has $545 million deployed in private debt transactions
and $3 billion structured across sectors. Most recently it
invested $50 million in Pure Harvest and the private investment
in public equity (PIPE) funding for Anghami, the first Arab tech
company to list on NASDAQ in New York last month, it said in its
statement.

Shuaa said there has been a 112 per cent surge in venture capital
deals during 2021 from a year ago, coming in at more than $1.7
billion across 281 deals, mostly early-stage investments.

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