GFH Group collective investments portfolio valued at AED991mn

 

GFH holds minority stakes in Snowflake, UiPath, DoorD, etcash, DataRobot, Samsara, BYJUs, Outreach

BBN Report

BAHRAIN/November 19-2020: The GFH Financial Group’s overall size of the collective investment vehicle, where GFH holds a minority stake, is about $270 million (AED991 million) as of September 30, 2020.

A statement from the company explained that the investment portfolio is held through a collective vehicle to provide diversification and comprises minority stakes in Snowflake, UiPath, DoorDash, DataRobot, Samsara, BYJUs and Outreach, among others.

“The portfolio companies provide mission-critical cloud enterprise software, artificial intelligence and IoT solutions or operate in the direct-to-consumer e-commerce and edtech verticals,” the statement added.

The companies are led by highly capable management teams, have a leadership position in their respective domains and are operating at large scale across multiple geographies.

GFH Financial Group said that in line with its vision to invest in innovation and growth and to capitalise on secular trends in digital adoption, the Group has invested in a portfolio of pre-IPO stage, high-growth companies that specialise in next generation technologies.

“The investments have remained relatively resilient during Covid-19 and are expected to perform strongly as the businesses continue to build on the large addressable market opportunity,” the company said.

Snowflake went for IPO

Most recently, Snowflake had a successful IPO on the New York Stock Exchange and the company expressed optimism that the other companies in the portfolio will also go public and/or may enter into trade deals at an appropriate time.

The investments are expected to generate high double digit returns for GFH and its investors, while providing attractive structural downside protection. The company also said that its investments are expected to reflect positively on the Group’s financials and increase the returns for the Group.

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