RD HERITAGE GROUP: CREATING OPPORTUNITY
RD Heritage Group is a partnership of five family offices and their portfolio investments. While our offices are located across the globe, we share mutual goals and understandings.
The family offices have diverse investments including those in food, real estate, pharmaceuticals, medical devices, biotech, solar energy, and in oil & gas exploration and production. The families have earned a reputation for excellence in their fields.
In addition to having profitable endeavors, the family offices believe in the power of capital markets to solve urgent social and economic challenges and improve lives.
We believe in the importance of human capital. We are committed to a thriving economy and exploring investments in critical issues that foster sustainable economic growth.
We stand for great ideas and effective action—not ideology.
RD Heritage was founded by Robert Davis, John Dean Harper and Jim Carmichael at Famcor Oil (up to $200MM in top-line revenue) for the benefit of the Davis and Famcor family offices. Later the families teamed up other like minded family offices who invest in real estate, healthcare, biotechnology, pharmaceuticals, energy, AI (artificial intelligence), blockchain, and oil & gas. RD Heritage also partners with several Gulf-based sovereign wealth funds.
In the Middle East, RD Heritage has partnered with Hadi Al Alawi at the Al Hayat Group a Bahrain multi-family office and investment company. RD Heritage and the Al Hayat Group have partnered in a number of transactions with the Gulf Cooperation Council and its governmental and private investment entities. The Al Hayat Group, www.alhayatgroup.com, has interests in diverse industry sectors that take several forms, wholly owned subsidiaries, joint ventures, affiliates, and shareholding investments. Al Hayat Group is the industry leader in its activities and the core of our company reflects proven operational expertise surrounded by superior foundation of values, ethics, and a wealth of heritage experience. The Gulf Cooperation Council (GCC) consists of the following 6 countries: Saudi Arabia, Kuwait, Bahrain, Qatar, the United Arab Emirates and Oman. More than 50% percent of the world’s oil wealth originates from the GCC, with a population of 20 million.
In Indonesia/New York RD Heritage has partnered with one of the largest Indonesian family offices with significant food, real estate and healthcare investments. The family invests only their own capital and are differentiated by their permanent and proprietary capital base which allows for efficient decision-making free from external influence; maximum flexibility with transaction structures and investment period; and complete alignment with all stakeholders in creating long-term value.
RD Heritage Group partners with private companies to help them enter into new markets, pursue M&A opportunities, and grow sustainably. We invest in firms that have established or emerging brands in real estate, energy (oil & gas - upstream, midstream and downstream), healthcare, biotech, pharma, hospital roll-up, artificial intelligence and the agriculture/dairy space. We focus on these specific industry sectors because our accumulated knowledge, operating partner network, and broader relationships offer a strategic advantage to our partners. Unlike many private equity firms, our focus allows us to enter a partnership with a deep understanding of the businesses so that we can create immediate, sustainable value.
RD HERITAGE - COLLEGE SCHOLARSHIPS
This program is designed to reduce the college debt burden often faced by college students who have need but don’t qualify for federal grant assistance. First awards will commence 2020 to help future graduates successfully enter the workforce or enroll in graduate programs. Each scholar will receive a gift from RD Heritage Group that will allow them to borrow less, work less, study more and experience all that their college had to offer.
Scholarships will be awarded so that the scholars may pursue their dreams of becoming engineers, doctors, musicians, teachers, nurses and so much more. They will be involved in volunteer work through church and community activities, holding down part time jobs, participating in varsity athletics, Model U.N. and math team, just to name a few. We are very proud to help them live their dreams.
RD Heritage Group will award scholarships to deserving students from eligible high schools in Nevada. Successful candidates will show they have distinguished themselves through school, community and/or church activities while showing significant academic achievement in high school. Scholarships are awarded for four consecutive years of full-time college enrollment with satisfactory academic performance.
Inquires: Go to https://robertdavisscholarship.com/
GCC Sovereign Wealth Funds, Ministers & Relationships
MUBADALA - SOVEREIGN WEALTH FUND OF ABU DHABI
PRIVATE OFFICE H H SHEIKH HAMDEN BEN MOHAMMED ALNEHAYAN (PRESIDENT OF UAE) - CEO SALEM NASSER SALMEEN ALEISAEI
ALFAHIM - QATAR PRINCESS INVESTMENT VEHICLE
DR. RICHARD O'KENNEDY - QATAR INVESTMENT AUTHORITY
KIA (KUWAIT INVESTMENT AUTHORITY) - MANAGING DIRECTOR
MUMTALAKAT - SOVEREIGN FUND OF BAHRAIN
TOWELL & CO. - OMAN
US AMBASSADOR TO BAHRAIN
MINISTER OF INDUSTRY & COMMERCE - BAHRAIN
DR. ESSA JASSIM AL-KHALIFA OF KUWAIT SAUDI PHARMA INDUSTIRES
TAMKEEN LABOR FUND - BAHRAIN
BAHRAIN ECONOMIC BOARD, MANAMA
DR. ABDUL RAHMAN A. AL-AWADI - ROPME, KUWAIT
QATAR PHARMACY - DOHA
ALFAHIM - ABU DHABI
BAHRAIN PHARMA - MANAMA
ALFAHIM - ABU DHABI
QATAR INVESTMENT AUTHORITY - DR. MOHAMED GHANEM
QATAR FOUNDATION MEETING
KHALID A. AL-FALIH - PREVIOUS CEO SAUDI ARAMCO AND CURRENT SAUDI MINISTER OF ENERGY
KUWAIT - AFTER MEETING WITH KUWAIT INVESTMENT AUTHORITY
ABU DHABI INVESTMENT COUNCIL
ABU DHABI INVESTMENT COUNCIL
KAMIL HOMSI - GRC INVESTMENT GROUP (DUBAI FAMILY OFFICE)
SECRETARY GENERAL OF THE GCC - DR. ABDUL LATIF BIN RASHID AL LAYANI AND HADI AL ALAWI
Al Hayat Group Partnership
Al Hayat Group - GCC
(Gulf Cooperation Council) Partnership
RD Heritage has teamed up with a Bahrain investment company, Al Hayat Group, to partner in a number of transactions with the Gulf Cooperation Council and its governmental and private investment entities. Al Hayat Group, ww.alhayatgroup.com, is a family owned business with interests in diverse industry sectors that take several forms, wholly owned subsidiaries, joint ventures, affiliates, and shareholding investments.
Al Hayat Group is the industry leader in its activities and the core of our company reflects proven operational expertise surrounded by superior foundation of values, ethics, and a wealth of heritage experience
The Gulf Cooperation Council (GCC) is constituted of the following 6 countries: Saudi Arabia, Kuwait, Bahrain, Qatar, the United Arab Emirates and Oman.
More than 50% percent of the world's oil wealth originates from the GCC, with a population of 20 million. This region relies heavily on its oil resources for revenue – which is plentiful – and the government is taking strides / several efforts to diversify the economy. Primary areas of expansion interest include Education, Healthcare, Biotech, and the Hospitality sectors.
The UAE has the world's ninth highest density of millionaires, with 40 out of every 1,000 households (four percent) holding private wealth of at least $1 million. The UAE also ranks 15th in the world by ultra-high-net-worth (UHNW) households, defined as households with more than $100MM in private wealth, with three out of 100,000 households falling into this category.
Qatar ranks first in the world with the highest density of millionaires, with 14.3 percent holding private wealth of at least $1MM. Kuwait ranks third with 11.5 percent, while Bahrain (4.9 percent) and the United Arab Emirates (4.0 percent) ranks seventh and ninth, respectively.
Private wealth in the Middle East and Africa (MEA) region will grow to an estimated $6.5TRN by the end of 2017, with a projected Compound Annual Growth Rate (CAGR) of 6.2 percent. This increase will be largely driven by new wealth creation linked to strong Gross Domestic Product (GDP) expansion in oil-rich countries.
The GCC's long-term sustainability portfolio is robust, and private wealth in this region of the world continues to be on the rise.
Hadi Al Alawi on Vimeo: https://vimeo.com/357302577
RD Heritage partnered with TallSalt Advisors which provides clients and Native American tribes with investment
advisory, corporate financial advisory and royalty management services, and the MHA Nation (Mandan, Hidatsa and Arikara tribes) who committed up to $100MM along with a $2B private equity firm in a management buyout of a public company's E&P assets in N. Dakota.
$75MM Equity Facility with Ibdar Bank
Mohammed Ketani, Head of Private Equity has committed up to $75MM to fund US acquisition of oil & gas existing production with expansion opportunities. Ibdar is a multi-disciplined Islamic investment bank that combines financial expertise with a proven track record of business ingenuity and responsible execution in order to deliver wealth to stakeholders. Ibdar Bank is backed by the second largest sovereign wealth fund in the world, KIA (Kuwait Investment Authority.)
Distressed Exploration & Production (E&P) asset acquisition strategy
RD Heritage business development team has targeted both public and private companies, which need to divest core or non-core assets from their balance sheets, often due to the companies over leveraging at time of high crude oil (WTI) prices. With the precipitous drop in WTI to half the levels seen in the summer of 2014, this has given RD Heritage a unique and unprecedented opportunity to make acquisitions. RD Heritage and its partners traditionally invest the initial capital into these distressed company opportunities, of up to $15MM to $50MM, and then brings in institutional or family office investors as well as reserve based lending (RBL) 1st and 2nd lien facilities to fill out the capital stack up to $350MM to $450MM. RD Heritage has assembled a platinum team of petroleum engineers, operators, geologists and MBAs to execute this strategy.
$350MM Commitment from Energy Fund
There has been some confusion and misreporting regarding Global Energy Capital’s offer to fund RD Heritage for $350MM. This written offer occurred on June 13, 2015, dating back to discussions beginning on July 2014.
ACTUS' strategy was to establish a subsidiary company for each licensed technology and to provide all of the financing, operational, research, development, and business partnering support the company requires during the initial stages of its development. In 2011, ACTUS established its first two subsidiary companies, Convoy Therapeutics, Inc. and EnduRx Pharmaceuticals, Inc., to develop and commercialize innovative platform technologies from University of California, Santa Barbara and the Sanford-Burnham Medical Research Institute.
ACTUS Biotechnologies was a technology development company, founded with the aim of identifying and providing a bridge to the commercialization of the most transformative technologies and drug candidates in development at leading universities and research institutes in the U.S. Run by a Management Team with significant experience in Life Sciences and in the growth and financing of start-up businesses, ACTUS was well positioned to maximize the potential of the inventions it licenses.
EnduRx was founded in 2011 based on the multivalent tumor and cardiovascular homing nanotechnologies invented by Dr. Errki Ruoslahti and his laboratory at the Sanford-Burnham Medical Research Institute. The EnduRx nanotechnologies can selectively target, image, and treat cancerous tumors (glioblastoma, prostate, breast, and others), clotting events (myocardial infarction, stroke, peripheral artery disease, pulmonary embolism), and atherosclerosis. EnduRx Pharmaceuticals works with strategic partners on drugs that have targeting challenges from a safety and/or efficacy perspective, and on new cancer and cardiovascular diagnostic imaging applications. In-house programs include re-formulated Bivalirudin for Acute Coronary Syndrome and unique tumor targeting systems for glioblastoma, breast cancer, and solid tumors.
Convoy was founded in 2011 based on the proprietary Skin-Penetrating And Cell Entering (SPACE) peptide technology invented by Professor Samir Mitragotri and his laboratory at University of California, Santa Barbara. The SPACE peptide technology is the first that can effectively deliver large molecules into skin and cells. The delivery system has an optimal profile with skin penetration efficacy that far exceeds previous attempts. The SPACE peptide is neutral in charge, water soluble, and non-toxic to cells. It is used as part of a highly adaptable plug-and-play delivery system, whereby significant penetration into skin is possible without conjugation to the active. The company has two lead programs: CycloPsorbTM for psoriasis and HA-202PH (topical hyaluronic acid) for wrinkles and fine lines
ACQUISITION OF 8 - 12 HOSPITALS IN INDONESIA
With our Indonesian partner we are acquiring 8--12 hospitals in Tier 2 cities in Indonesia. We have teamed up with a highly regarded US consulting/operating partner to assist us with these initial acquisitions. That partner will assist us with establishing a CEO, Head of Nursing, Head of Quality Control and IT Systems; and then will help us improve and expand operations as well as providing superlative healthcare.
According to data from the Ministry of Health of Indonesia, there are 2454 hospitals around the country, with a total of 305,242 beds - a very low figure of 0.9 bed per 100,000 inhabitants. Most hospitals are in urban areas. Among these, 882 of these hospitals are government owned and 1509 are private hospitals. According to the Worldbank data in 2012, there are 0.2 physicians per 1,000 people, with 1.2 Nurses and Midwives per 1,000 people in Indonesia. Out of all the 2454 hospitals in Indonesia, 20 have been accredited by Joint Commission international (JCI) as of 2015. In addition, there are 9718 government financed Puskesmas (Health Community Centre) listed by the Ministry of Health of Indonesia, which provide comprehensive healthcare and vaccination for the population in the sub-district level. Both traditional and modern health practices are employed.
Indonesia's community health system are organised in three tiers: on top of the chart is Community Health Centre (Puskesmas), followed by Health Sub-Centres on the second level, and Village-Level Integrated Posts at the third level.
In 2010, an estimated 56 percent of Indonesians, mainly state employees, low-income earners, and those with private coverage had some form of health insurance. The rate is expected to reach 100 percent by 2019, following the implementation of a system of universal social health insurance coverage that was launched in 2014. The aim is to grant free services for all hospitalisations in basic (class-3 hospital beds).
Healthcare provision in Indonesia has traditionally been fragmented, with private insurance provision for those able to pay for it alongside basic public coverage for the poorest in society and NGOs working in specialised areas providing services to those not covered by public or private schemes. In January 2014, the Indonesian government launched Jaminan Kesehatan Nasional (JKN), a scheme to implement universal health care in Indonesia. It is expected that spending on healthcare will increase by 12% a year and reach US$46 billion a year by 2019. Under JKN, all Indonesians will receive coverage for a range of treatments via health services from public providers as well as those private organisations that have opted to join the scheme.
With integrity nothing else counts, without integrity nothing else counts.
We live in deeds, not years: In thoughts not breaths; In feelings, not in figures on a dial. We should count time by heartthrobs. He most lives who thinks most, feels the noblest, acts the best.
Values We Live By:
Pursue Growth and Learning
Embrace and Drive Change
Be Adventurous, Creative, and Open-Minded
Be Passionate and Determined
Work with the Best People
Be Humble and Serve the Global Community
Excellence in All We Do
JOHN DEAN HARPER
Mr. Harper, a securities attorney and managing partner of RD Heritage Group, is a graduate of Ohio University in Athens, Ohio with Bachelors of Business Administration degree and a double major in Business Pre-Law and General Business. He is also a graduate of the University of Cincinnati, College of Law with a Juris Doctor. Mr. Harper has a private law practice focusing primarily on securities and corporate law, labor/employment, estate and business planning.
Mr. Harper has drafted legislation for and lobbied in front of the Nevada Legislature. He has helped form many public companies and personally formed and operated three publicly-traded companies. Mr. Harper has also formed and represented numerous non-profit organizations. Mr. Harper served as General Counsel for the Las Vegas Police Protective Association where he has successfully litigated hundreds of labor/employment cases, represented officers involved in shootings/critical incidents and negotiated collective bargaining agreements.
Robert Davis's passion is to capitalize on unique market opportunities in the medical, real estate, energy, food and biotech markets. Robert worked to provide capital resources for the technology under development at ACTUS Biotechnologies. Robert Davis and his family invest their own money in transactions and/or team up with family offices, private equity, venture capital, hedge funds, pension funds, endowments and wealth advisors. His deep institutional relationships allow him to provide substantial investment resources to nascent technologies. Robert has arranged over $1B of capital.
Robert Davis received his Bachelor of Science degree from the University of Michigan with a minor in Creative Writing. He graduated Phi Beta Kappa with High Honors, 3rd in his class and was a James B. Angel Scholar and member of the University of Michigan President's Advisory Committee, a seat he held for over one year. Medical school training was at University of Miami. Internal Medicine Residency training was at University of Nevada, Las Vegas, and Robert Davis is Board Eligible in Emergency Medicine.
HADI AL ALAWI
AL HAYAT GROUP PARTNER
Mr. Al Alawi directs the Al Hayat Group, a family-run operation, with core values of trust, innovation, integrity, teamwork, dedication to excellence, discipline and loyalty for Al Hayat’s customers, partners, and suppliers. Al Hayat Group constantly strives at creating new opportunities by entering into partnerships with leading companies to develop specialized projects and businesses in the GCC (Gulf Cooperation Council: Saudi Arabia, Kuwait, Bahrain, Qatar, The United Arab Emirates and Oman) and abroad. Al Hayat’s diverse business portfolio comprises real estate services, information technology, travel and tourism, training and consulting, and fashion.
Founded in the late 1980s by Mr. Al Alawi, Al Hayat Group has been representing global companies in the Middle East for over 25 years. Maintaining its heritage of a family owned business, Al Hayat Group has evolved into a truly successful regional and international enterprise. The history of Al Alawi family has been linked to Bahrain for over 100 years, during which it has notably contributed towards the economic and social development of the country. Mr. Al Alawi received his Master’s in Marketing Degree at USC.
Shelly is responsible for locating and/or proposing new business deals by contacting potential partners, as well as discovering and exploring opportunities. She protects the organization's value by keeping information confidential and enhances our reputation by accepting ownership for accomplishing a variety of requests.
Prior to joining the organization, Ms. Slatkin was partial owner and operator of Real Aloe, Inc. a company that distributes a complete line of the finest Aloe Vera products available in the marketplace. She was responsible for sales, marketing, and customer satisfaction, with the goal of maintaining and building up an ever increasing customer base.
Shelly attended Black Hills State University with a focus in business.
Nicole is responsible for managing the office from accounting, operations to research and development. She has been with the organization for 16 years and is focused on creating the highest level of efficiency possible, overseeing the day-to-day activities of the company.
Prior to joining RD Heritage, Nicole had an extensive background in high level retail management where she was responsible for overseeing employees, managing inventory, customer service responsibilities, and payroll.
Nicole attended North Dakota State University with a focus in business and also has a design degree from Lowthian College in Minneapolis, MN.