Abu Dhabi Global Market will be home to a newly established $1 billion fund, Abu Dhabi Catalyst Partners, it was announced on Thursday.
Abu Dhabi Catalyst Partners said it seeks to realise commercial returns by partnering with top tier and up and coming investment firms and industry-leading businesses and professionals in ADGM.
With an employee base of about 10 investment professionals, half of whom are UAE nationals, the fund will explore opportunities locally and abroad.
The new fund will target opportunities across asset management, specialty finance and financial infrastructure, with investees expected to have a presence in ADGM.
Criteria will also include the investees’ impact on job creation and engagement with the wider ADGM-based service ecosystem.
The fund will be backed by Mubadala Investment Company. Where applicable, the firm will also work with Mubadala investment teams and portfolio companies to pursue ADGM-related opportunities.
Ahmed Ali Al Sayegh, Minister of State and chairman of ADGM, said: “We congratulate Mubadala Investment Company on the launch of Abu Dhabi Catalyst Partners and we welcome the establishment of their fund in ADGM.
“ADGM remains focused on its role and responsibility as a leading International Financial Centre with trusted regulatory, judicial, commercial and dispute resolution regimes and infrastructure supporting the economic development of Abu Dhabi.”
Waleed Al Mokarrab Al Muhairi, deputy group CEO and CEO, Alternative Investments & Infrastructure, added: “This partnership will see a major new fund put its roots down in ADGM at an exciting time for the international financial center. With Mubadala’s scale and networks across key international capital markets, I’m confident we will generate attractive returns while having a positive impact on the ADGM ecosystem of investors, investees and service providers.”
Guy Hurley, CEO, Abu Dhabi Catalyst Partners, said: “There are tremendous opportunities for strong returns built around Abu Dhabi’s robust economy. As a gateway to the region and major financial markets the Emirate also offers unrivalled opportunities for companies looking to expand internationally.
“We have a brilliant team of local and global talent and are looking forward to pursuing our ambitious investment strategy.”
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