Liquidity Management House for Investments (Liquidity House), a wholly-owned subsidiary of Kuwait Finance House (KFH) has partnered with ePlanet Ventures to establish a new global Sharia’a compliant asset management company.

ePlanet Ventures Group is the holding company for ePlanet Ventures, the leading global venture capital firm.

With offices in Silicon Valley, London, Bangalore, Beijing, Shanghai, Hong Kong and Seoul, ePlanet Ventures has funded over 90 innovative high-growth companies including landmark deals in China and in Europe.

The new company, ePlanet LMH Capital, will create innovative multi class assets and investment opportunities globally, said a top Liquidity House official.

Through this partnership, Liquidity House will be able to offer for the first time, a wider range of globally sourced higher yielding alternative investment opportunities to its clients.

“We are pleased to enter in to a joint venture with a high quality partner like ePlanet. The formation of ePlanet LMH Capital is a reflection of Liquidity House’s desire to continuously expand its investment product offering to Liquidity House’s clients across a broad range of asset classes, offering them the potential for enhanced returns," said Emad Al Monayea, chairman and managing director of Liquidity House.

"The ePlanet has an internationally acclaimed global model of investing across sectors, stage, and geography that has resulted in its industry leading track-record," he noted.

"Liquidity House and its parent institution’s clients may take full advantage by investing with our new innovative investment opportunities, especially during these opportunistic times," Al Monayea added.

ePlanet chairman and chief executive officer Asad Jamal, said the strategic partnership, by drawing upon the diversified investment product capability of Liquidity House and ePlanet, will create a peerless platform for sourcing and investing in high-growth private equity and other alternate asset related opportunities across the globe, targeting a market area that has become ePlanet’s niche.

"We welcome the opportunity to collaborate with Liquidity House on this initiative," Jamal added.

Head-quartered in Kuwait, Liquidity House serves as KFH's international corporate and structured finance arm. Its objective is to be a principal player in the international Islamic capital market and the Sharia’a compliant structured finance arena.

The company seeks to deliver exceptional values to its stakeholders and the industry through focused and shared values driven by its parent entity Kuwait Finance House.-TradeArabia News Service