Jul
03
Qatari Cash in NYC Meets Hong Kong Money to Back Wealth Firm
By-
Family office said to invest for Gulf royalty gets LJ stake
- Expanding LJ Partnership also backed by Hong Kong’s Peterson
LJ Partnership, a London-based wealth manager armed with money from the Persian Gulf, is targeting global expansion, as rich families and sovereign funds increasingly team up to invest outside of the public markets.
Dilmun, a family office in New York that originated in the Gulf region, this week acquired a 40 percent stake in LJ Partnership, which advises on $15 billion from about 250 clients, including individuals, families and foundations. The deal unites Dilmun with a Hong Kong real estate family that’s expanded into China and the U.K…
Qatari Cash in NYC Meets Hong Kong Money to Back Wealth Firm
