Abu Dhabi Skyline/Bloomberg
The new enterprise will pursue opportunities that satisfy a mandate of creating a hub for pioneering companies to locate at Abu Dhabi Global Market (ADGM), to generate attractive returns while having a positive impact on the ADGM ecosystem.
Sunday 28, April 2019 BY KUDAKWASHE MUZORIWA
Mubadala Investment Company has launched a $1 billion Abu Dhabi Catalyst Partners fund in partnership with top tier and upcoming investment firms, industry-leading businesses and professionals who will benefit from building a meaningful and sustainable presence in ADGM.
HE Ahmed Ali Al Sayegh, the Minister of State (UAE) 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.”
The ADGM stated that the fund will be backed by Mubadala Investment Company with the endeavour to leverage Mubadala’s networks locally and around the world to originate attractive investment opportunities in the region.
Additionally, where applicable, the fund will also work with Mubadala investment teams and portfolio companies to pursue ADGM-related opportunities.
“This partnership will see a major new fund put its roots down in ADGM at an exciting time for the international financial centre,” added Waleed Al Mokarrab Al Muhairi, Mubadala’s Deputy Group CEO and Chief Executive Officer, Alternative Investments & Infrastructure.
The new fund will target opportunities across asset management, specialty finance and financial infrastructure, with investees expected to have a presence in ADGM.