Abu Dhabi Global Market to Receive $1 Billion Investment Fund

Abu Dhabi Global Market (ADGM) will see the establishment of $1 billion Abu Dhabi-based investment fund, Abu Dhabi Catalyst Partners. 

The new enterprise will pursue opportunities that satisfy a mandate of creating a hub for pioneering companies to locate at ADGM, to generate attractive returns while having a positive impact on the ADGM ecosystem.

Abu Dhabi Catalyst Partners seeks to realise commercial returns by partnering with top tier and up-and-coming investment firms and industry-leading businesses and professionals who will benefit from building a meaningful and sustainable presence in Abu Dhabi Global Market, WAM reported.

Mubadala Investment Company will support the fund with the endeavour to leverage Mubadala’s networks locally and around the world to make attractive investment opportunities in the region. 

The firm will also put effort with Mubadala investment teams and portfolio companies to pursue ADGM-related opportunities.

For his part, Ahmed Ali Al Sayegh, Minister of State and ADGM Chairman, said, "We congratulate Mubadala Investment Company on the launch of Abu Dhabi Catalyst Partners, and we welcome the establishment of their fund in ADGM."

"Today’s event embodies the vision and ambition of the leadership of Abu Dhabi in establishing ADGM to enable investments and capital flow through our Capital City. 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," he added.

Al Bawaba Contribution Time: 28-Apr-2019 13:04 (GMT)
Al Bawaba Last Update Time: 28-Apr-2019 13:04 (GMT)