Duet-IBC Real Estate Opportunities Fund is the result of a partnership between Duet MENA and Investbridge Capital (IBC), serving as the first real estate credit fund focused on the MENA Region since the financial crisis. The Fund deploys capital through structured debt and equity arrangements in real estate investments in the MENA Region with primary interests in residential, retail, hospitality and office classes and includes three transaction types: Completion Funding; Development Funding; and Build to Suit.
IBC is a DFSA regulated investment firm that provides corporate advisory and asset management services to principals and private clients in the MENA Region, with over US$500mn of assets under management in both operating and development real estate projects.
Duet MENA, a Duet Group subsidiary based in Dubai, has approximately US$850 mn of assets under management through various fund vehicles. Duet Group is a global alternative asset manager founded in 2002, which manages over US$5.5 bn of equity across three business areas: Hedge/Long-Only Funds, Private Equity and Fund of Hedge Funds.
As a Limited Partner of Duet-IBC Real Estate Opportunities Fund, Crescent Enterprises actively oversees the performance of the fund, and takes a keen interest in the strategic rationale employed by the company including review of select co-investment opportunities. Crescent Enterprises also provides strategic guidance by means of representation on the Fund’s Limited Partner Advisory Board.