Marcia Ellis was quoted in an AsianInvestor article titled "China PE looks to Mid-East investors as US, Europe turn wary."
According to Marcia, many Middle Eastern asset owners now have established offices in Beijing, Shanghai and/or Hong Kong, hired teams of locally based investment professionals and are shifting toward doing direct investments.
“We will see in the next year or so if they are able to achieve an appropriate balance between centralized control in the Middle East and allowing locally based investment professionals some level of decision making authority,” Marcia told AsianInvestor. Middle Eastern sovereign wealth funds have considerably increased their level of investments in Greater China – from $100 million in 2022 to $2.3billion in 2023.