Dubai International Capital (DIC) is the international investment arm of Dubai Holding, a global conglomerate and sovereign wealth fund of the government of Dubai and its ruling family and has been over-leveraged to the point whereby the company is not able to service its interest payments in a normal fashion. DIC invests private funds on behalf of Dubai Holding and several large third-party investors around the world with a mandate to build a portfolio of internationally diversified assets.
DIC, which was founded in 2004, invests in public and private equity through three divisions:
- Private Equity: Invests in mid-cap companies in Europe and North America with a focus on secondary buy-outs that include Travelodge, Merlin Entertainments, Doncasters, Mauser, Alliance Medical and Almatis.
- Emerging Markets: Manages a broad investment program across the Middle East and North Africa region, including LBOs, funds and co-investments, infrastructure, growth and development capital
- Public Equities: Focused on investment in Fortune 500 companies through its DFSA regulated US$ 1.5 billion Global Strategic Equities Fund. The fund has invested in global leaders such as Sony and EADS.
Read more about Dubai International Capital: Holdings, Liverpool F.C.
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“The great dialectic in our time is not, as anciently and by some still supposed, between capital and labor; it is between economic enterprise and the state.”
—John Kenneth Galbraith (b. 1908)