Napier Park Opens Dubai Office

Sep 23 2013 | 12:57pm ET

Napier Park Global Capital—formerly Citi Capital Advisors, the hedge fund business spun out of Citigroup earlier this year—is hanging its shingle in Dubai.

The new office, located in the Dubai International Financial Centre, will be led by Managing Director Saad Ashraf, an investment professional with more than 17 years of experience in the MENA region. Prior to joining Napier Park, Ashraf held senior roles at Citi Capital Advisors, Goldman Sachs, Merrill Lynch and Citi Global Markets in fundraising and securities businesses in Dubai and London.  

“Expanding our asset management business into the UAE is an important next step to growing our global platform,” said Jim O’Brien, co-managing partner of Napier Park. “We are excited to now be able to offer Napier Park’s innovative credit products to sophisticated investors in the MENA region. We are also very pleased to be working with Saad once more. His experience and deep relationships in the region will be a tremendous asset to our firm and clients alike.”

Napier Park, with a core focus on alternative credit and structured investments, manages approximately $6.7 billion in a product mix including hedge funds, bespoke client separate accounts, private investments and CLOs. In addition to the Dubai office, Napier Park has offices in New York and London.


In Depth

OmniQuest Capital: Why Funds of Hedge Funds Work

Aug 11 2016 | 4:47pm ET

There have been few sectors of the alternative investment universe under as much...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...