Topic: Gulf Investment Corporation
US$100 million private equity dispute heads to trial
Private equity investors in the Cayman Islands-based Port Fund L.P., who claim they have been defrauded, have succeeded in bringing a derivative claim against the general partner of the infrastructure fund on behalf of the exempted limited partnership.
Financial group: ‘Hundreds of millions of dollars missing’ from Cayman fund
Gulf Investment Corporation (GIC), a financial institution owned by six Gulf states, claims “hundreds of millions of dollars are missing” from The Port Fund L.P., a Cayman Islands-based exempted limited partnership, set up in 2007 to invest in “port-related assets around the world”.
