London-based Threadneedle Investments has acquired a 2% stake in Gatehouse Bank, a London-based investment bank specializing in Shariah-compliant products and services.
Gatehouse originates Shariah-compliant investment for sophisticated clients looking to diversify and secure attractive returns for their portfolios. The bank helps bridge capital from the GCC region and Southeast Asia with investment in Western markets.
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In 2014, Gatehouse Bank created a Shariah-compliant $100m mezzanine real estate fund relating to European assets based in the UK, Germany, Netherlands and Luxembourg.
Ted Truscott, chairman of Threadneedle said: "Gatehouse’s combination of Shariah-compliant investment expertise, its track record and the breadth of its relationships across the GCC region and Southeast Asia are unrivalled.
"We are excited to make this investment into Gatehouse and look forward to exploring areas of mutual interest," Truscott added.
Gatehouse chairman Fahed Boodai said, "With its core businesses of investment and financing, Gatehouse has a well-developed and growing expertise in investments for clients and partners in the GCC region, Southeast Asia and Europe. We are pleased to have as a shareholder a major international asset manager."
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