News

ADGM to house $1bn fund

A new investment fund worth more than $1 billion is set to be launched in the Abu Dhabi General Market (ADGM) by Mubadala, the emirate’s sovereign wealth fund. Abu Dhabi Catalyst Partners (ADCP) has a mandate to partner with top tier and up-and-coming investment firms who would benefit from a presence in the ADGM. The fund, which will be manned by a team of 10 investment professionals, will target investees offering attractive returns and a positive impact on the ADGM ecosystem. Mubadala will provide not only capital but its investment teams, portfolio companies and its local and international distribution networks in order to help originate investment opportunities in the region. “It is exciting to be partnering with one of the most influential global investment companies at one of the fastest-growing international financial centres anywhere in the world,” said Guy Hurley, chief executive of ADCP. The launch was also welcomed by ADGM chairman Ahmed Ali Al Sayegh who said that it “embodies the vision and ambition of the leadership of Abu Dhabi in establishing the ADGM to enable investments and capital flow through our capital city”. ©2019 funds global mena

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