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Zawya
9 hours ago
- Business
- Zawya
Wealthbrix announces official market entry from DIFC
DUBAI: Wealthbrix Capital Partners Limited, a newly launched independent wealth management firm, today announced its official market entry from Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa and South Asia (MEASA region). Founded by a team of seasoned professionals from private banking and asset management, the firm brings together over 150 years of collective leadership experience and a track record managing more than US$30 billion in AUM from Middle Eastern, Asian, and European clients. Wealthbrix enters the market with a clear purpose: to deliver a client-first approach to wealth management that is independent, holistic, and agile - reflecting the ambitions of global upwardly mobile wealth creators and the shifting centre of gravity in global capital. 'This is the Dubai moment - an inflection point where global capital, regional ambition, and client expectations are converging,' said Dr. Hamad Buamim, Chairman of the Advisory Board, Wealthbrix Capital Partners Limited. 'Today's wealth creators want more than access to products. They expect a partner who can build and preserve their legacy, support their ambitions, and provide unbiased, high-impact advice.' This launch comes at a pivotal moment for wealth managers. An estimated US$85-100 trillion in global wealth is expected to change hands by 2050 in what is being called the 'Great Wealth Transfer' – including approximately US$1 trillion in the GCC alone. This represents an unprecedented opportunity driven by next gen millionaires. This is juxtaposed by the UAE benefitting from this seismic shift, with more than 6,700 new millionaires having relocated to Dubai in 2024 alone, over 68,000 HNWIs and UHNWIs now based in the country, and more than 30,000 expected to arrive over the next five years, solidifying the UAE's status as a leading global hub for the new generation of high-net-worth individuals. A growing share of global capital is concentrated in two fast-expanding, high-growth segments: Mid-Tier Millionaires (MTMs) with investable assets between US$5 million and US$30 million, and UHNWIs with over US$30 million. MTMs alone account for nearly US$55 trillion in global wealth and are growing faster than the broader HNWI population. Often self-made and globally mobile, many in this group sit between upper-tier affluent and ultra-high-net-worth tiers - requiring a more tailored and sophisticated approach than standardised models typically provide. Meanwhile, the UHNWI population is projected to surge by 38 per cent over the next five years, with Asia and the Middle East driving the fastest growth globally. Together, MTMs and UHNWIs represent a rapidly expanding opportunity - one that sits at the heart of Wealthbrix's mission. These clients demand more than transactional advice; they seek a holistic approach that reflects their ambitions. This is where Wealthbrix steps in: bridging the gap between legacy models and modern client expectations through an independent platform that combines global structuring expertise with regional insight. Whether it's wealth preservation, succession, asset diversification, or fundraising, Wealthbrix is purpose-built to meet the needs of this influential and under-served segment. Wealthbrix builds on the momentum of a maturing wealth management landscape with a differentiated, partner-led model spanning private wealth, asset management, and corporate finance advisory. Fully licenced by the Dubai Financial Services Authority (DFSA) and headquartered in DIFC, Wealthbrix is designed to complement and elevate the existing wealth management ecosystem - delivering tailored, unbiased advice anchored in institutional discipline and enabled by advanced technology. Arif Amiri, Chief Executive Officer of DIFC Authority, said, 'We welcome Wealthbrix to DIFC's growing ecosystem of firms shaping the future of wealth and asset management. As the city with the highest concentration of wealth in the region, DIFC continues to attract firms that bring confidence, innovation, and a broad range of perspectives to the sector. We look forward to supporting Wealthbrix growth as they contribute to the evolution of the region's wealth management landscape.' As global asset managers flock to the UAE to tap into rising investor demand, Wealthbrix offers a differentiated, home-grown alternative - combining institutional discipline and strong in-house asset management capabilities across equities, fixed income, and real estate. As part of its long-term strategy, the firm is building a DIFC-based fund platform that aims to anchor investment activity locally, whilst aligning with the Dubai Economic Agenda to position Dubai at the forefront of innovation and economic growth. Wealthbrix enters the market as a well-capitalised institution, having closed an eight-figure USD equity funding round backed by a strategic group of global investors - including family offices, a venture capital firm, and angel investors from the region and beyond. This strong capital base provides the foundation to scale: attracting top industry talent, expanding product depth, and building a comprehensive value proposition. 'This is a rare moment to elevate and optimise how wealth is managed in the region,' said Rajesh Khanna, Chief Executive Officer of Wealthbrix Capital Partners Limited. 'Dubai offers a unique convergence of regulatory clarity, global talent, and a robust entrepreneurial ecosystem - making it the ideal base for a firm that is proudly home-grown, bold in ambition, and global in outlook. Built on a model that fully aligns our interests with those of our clients, Wealthbrix brings together open-architecture access, multiple global custody banks, in-house asset management, consolidated reporting, and debt & equity advisory to deliver bespoke, holistic solutions for today's discerning clients.' True to its independent model, Wealthbrix combines in-house capabilities with access to best-in-class managers, underpinned by a strong focus on client suitability and the reach to access opportunities across global markets. Wealthbrix is built on a hybrid model that optimally uses touch and tech enablement while delivering the desired client experience. Its secure, cloud-native platform consolidates client portfolios across banks and asset classes - providing a periodic, 360° view of performance and risk management.
Associated Press
11 hours ago
- Business
- Associated Press
THE WHARF CLOSES HISTORIC $1.15 BILLION REFINANCING STRENGTHENING ITS CAPITAL STRUCTURE AND CEMENTING THE PROJECT AS ONE OF THE PREEMINENT MIXED-USE, WATERFRONT PROJECTS IN THE NATION
D.C.'s Largest Private Real Estate Transaction Positions The Wharf for Long-Term Value Creation and Stability WASHINGTON, June 23, 2025 /PRNewswire/ -- District Wharf Properties (DWP), the investment manager and operator of The Wharf, today announced the successful $1.15 billion refinancing of The Wharf, a mixed-use neighborhood stretching across nearly a mile of Washington, D.C.'s waterfront. This transaction, which consolidates debt from Phase 1 and Phase 2, marks the largest refinancing of a private real estate project in modern Washington, D.C. history. The previous record for the largest private real estate financing in the city was also held by The Wharf, underscoring its continued significance in the Washington, D.C. real estate market. 'This landmark refinancing marks a new chapter for The Wharf, affirming its transformation into one of the nation's premier waterfront destinations,' said Andrew Son, CEO of District Wharf Properties. 'I'm grateful for the collaboration and confidence shown by our capital partners and incredibly proud of the District Wharf Properties team's dedication throughout this complex, highly coordinated effort. This next chapter of financing positions us to keep delivering on our vision of an inclusive, thriving, waterfront neighborhood that grows with the city and drives lasting economic and cultural impact.' 'With this refinancing loan, we are able to transition from a construction-era capital structure to a streamlined, long-term financing model that provides stability and sets the stage for continued growth,' said Monte Lippert, Senior Vice President of Investment Management at District Wharf Properties. 'With some of the highest commercial and residential rents in the region, over 100 annual events, and 8 million visitors each year, The Wharf has firmly established itself as a premier destination, making this refinancing one of the most significant transactions of its scale in the District's history.' This milestone comes on the heels of the Office of the Deputy Mayor for Planning and Economic Development (DMPED) announcing that the District has collected enough tax revenue from The Wharf to repay the $198 million Tax Increment Financing (TIF) revenue bonds 15 years early. The bonds funded key public infrastructure construction required for the redevelopment project as part of the transformational public-private partnership. As a result, the over $50 million in annual sales and property taxes generated by The Wharf will now support the District's General Fund. The refinancing was led by District Wharf Properties and PSP Investments with Eastdil Secured serving as advisor. Wells Fargo, Morgan Stanley, and The Goldman Sachs Group served as lenders for the transaction. Legal representation was provided by Milbank, Pillsbury, and Davies on behalf of the borrower. ABOUT DISTRICT WHARF PROPERTIES District Wharf Properties (DWP) is the investment manager and operator of The Wharf, a globally recognized mixed-use neighborhood spanning 3.3 million square feet along a mile of waterfront in Washington, D.C. Established in 2021, DWP oversees this multi-billion-dollar development and is an industry leader in the management, leasing, and financing of complex mixed-use properties. The firm also leads operations, placemaking, and community programming. Under DWP's leadership, The Wharf commands some of the highest commercial and residential rents in the region, hosts over 100 events annually, and welcomes more than 8 million visitors each year. For more information, visit View original content: SOURCE District Wharf Properties
