Friday, September 17, 2021
Business

Technology Giants

by BTM

Sun, 08 August 2021

bahrain business news of Technology Giants

GFH Financial Group (GFH) has announced the closing of its Global Tech Opportunities II offering, comprising of investments in a portfolio of pre-IPO stage, high-growth companies that specialise in next-gen technologies. 

The companies operate in tech sub-sectors such as cloud and enterprise software, cybersecurity, fintech, mental health, e-commerce and mobile gaming. GFH has invested in the portfolio alongside strategic partners, which include leading and emerging tech-focused asset managers. 

“This transaction marks GFH’s fourth major technology investment offering and second in the US in under a year. It is an area where we continue to focus and strategically expand our portfolio. This investment offers diversified exposure to high-growth, late-stage pre-IPO businesses with wide economic moats that make it a unique and compelling proposition.,” said GFH Chief Investment Officer, Hammad Younas.

The portfolio provides diversified exposure to tech verticals that are at the forefront of the global digital revolution giving it minority stakes in Automation Anywhere, Tanium, StockX, Rapyd, Scopely, Robinhood, Kraken, Lyra Health and Klaviyo, among others. The investment is expected to generate attractive returns for GFH and its investors. 

#BUSINESS BITES #GFH FINANCIAL GROUP #BTM AUGUST 2021

WHAT'S YOUR REACTION?

0
Love
0
LOL
0
OMG
0
CRY
0
ANGRY

TELL US WHAT YOU THINK

0 comment
Sort by