Bahrain's Sovereign Wealth Fund Partners with French Investment Firm on Luxury Assets
Bahrain's Mumtalakat sovereign wealth fund has partnered with French investment firm TRAIL to create a fund focused on arts, music, luxury, and sports investments, with TRAIL opening a Gulf hub in Bahrain. TRAIL has existing investments in luxury watchmaker Breitling and sports properties including AresMMA and motorcycle racing team Tech3. The partnership reflects Gulf countries' strategy to deploy capital internationally while developing domestic economies.
Bahrain's sovereign wealth fund Mumtalakat has announced a partnership with France's TRAIL investment firm to back an investment fund targeting arts, music, luxury, and sports sectors. As part of the arrangement, TRAIL will establish an office in Bahrain to serve as a hub for fundraising and portfolio expansion across the Gulf region. TRAIL brings existing experience in luxury investments, including stakes in Swiss watchmaker Breitling and sports ventures such as mixed martial arts promotion AresMMA and motorcycle racing team Tech3. The announcement was made in Paris alongside a separate deal in which Aluminium Bahrain committed to a $2.2 billion acquisition of Aluminium Dunkerque. These transactions exemplify the broader trend of Gulf sovereign wealth funds deploying capital internationally while simultaneously investing in domestic economic development.
What different sources said
- SemaforCenter
Bahrain bets on French luxury deals
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