Raiven Capital selects Maples Group 30 October 2024UAE Reporter: Jack McRae
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Maples Group has been named as the fund administration services provider for Raiven Capital’s venture capital fund.
The fund, based in Toronto, California and a new office in Dubai, selected the fund administrator due to its presence in the Middle East.
Fred Tabbal, regional head of fund services for Middle East at Maples Group, comments: “With its youthful population, vibrant tech culture and prime location, Dubai is a nexus for innovation and financial investment from across the globe.
“With the launch of the fund, Raiven Capital, with origins in Canada, a footprint in Silicon Valley and a new presence in Dubai, speaks to the worldwide appeal of the Dubai International Financial Centre (DIFC) as a hub for tech finance.”
Supreet Manchanda, Raiven Capital general partner and CEO, says: “Raiven Capital is delighted to partner with the Maples Group and has strong confidence in their Dubai-based team. The team has already brought invaluable insight and expertise in providing services to help us position the Fund for success.”
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