UAE-based asset manager Allied Investment Partners has announced plans to launch funds worth more than $1 billion over the next four years.
AIP said that it will look to partner with other asset managers in creating new funds covering a range of themes including fixed income, private capital, infrastructure, venture capital and trade finance.
Each fund will also have a specific geographical focus with the private capital fund targeting the Mena and South Asia markets and the infrastructure fund, set to launch in 2020, is focused on the GCC.
The first fund to be launched later this year is the venture capital fund which will have a global outlook but will focus primarily on Mena-based projects, according to AIP managing director Iyad Abu Hweij.
"These products will enable AIP to further address market demand for safe, liquid and unique investments across different asset classes," said Abu Hweij.
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