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Adi Dassler Family Office backs $50 million sports-tech fund

Adi Dassler Family Office backs $50 million sports-tech fund

OurCrowd, the Israeli crowd-funding platform, has announced ADvantage, a $50 million sports-tech fund. It will be co-managed by OurCrowd and leAD Sports Accelerator - the Adi Dassler Family Office (ADIFO) backed sports business venture. This fund will focus...

Infrastructure Sector Back in the Limelight

Infrastructure investment is back to garnering the attention of UHNWIs globally and more and more of their capital seems to be allotted to it. This focus has been amplified by Trump’s offering to spend between $500 billion and $1 trillion on infrastructure over the next 10 years. For many decades, wealthy families have been putting their money into promising infrastructure projects, and this trend is back to being aggressively pursued. One such example is Stonehage Fleming, the London-based family...

Oil Prices Rise among Saudi Tension

Higher than it has been over the past two years, oil price goes above $64.08 per barrel as a result of the recent corruption bust in Saudi Arabia – the world’s second largest oil producer. While the commodity investors may be the only one’s celebrating, Saudi Arabian Crown Prince Mohammed bin Salem’s anti-corruption drive has adversely affected some of the biggest crude exporters in the country. According to Business Insider, "Brent Crude continued to be the main driver of growth this Tuesda...

Introduction of VAT in the Gulf Makes the Family Office Industry Flourish

Up until last year, the existence of the family office in the Middle East was barely noticeable. According to a Family Capital report of 2016, “There are maybe just five family groups in the UAE that could be said to have set up sophisticated family offices,” says Fathi Ben Grira, CEO of Menacorp, an Abu Dhabi-based corporate financial group. “May be a few more in Saudi Arabia and a few in Kuwait, but there are really not a great deal of well organised family offices in the region.” Menacorp is owned by ...

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