Background
Something incongruous in this article regarding the description of the role of the Dubai Islamic Bank in the creation of BTU. The references made below to the "first fund" and "second fund" appear to be BTU Power and BTU Power II, respectively. When read together with the post immediately following this one a rather murky picture emerges. Note: Two things to keep in mind while reading the article immediately below; 1) the photograph in the article does not match other images of Mr. Kooheji found elsewhere in the internet, and 2) there are many references to Mr. Kooheji throughout the web before his departure from DIB - there are almost no references to Mr. Kooheji throughout the web after his departure from DIB - he drops off the radar.
Note: The reference to BTU is found in the 11th Question and Answer section of the interview."Dubai Islamic Bank is no stranger to investment banking, having been one of the region's leading players for some time, Islamic or conventional, and has recently announced plans for a $5 billion family of private equity funds. AREF KOOHEJI, the CEO of the Investment Banking Group, spoke to Robin Wigglesworth about the opportunities of emerging markets."
"No, we started out with one private equity fund, BTU. A few years ago, as everyone knows, Enron went through a lot problems, and as a result a lot of large power companies started to sell some of their international exposure and focus on their home markets, whether they were US, Dutch or German.
As acquiring all these assets would be beyond any one company or bank, I thought we could establish a fund, where we could take up strategic stakes in these companies.
