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Laxman Pai, Opalesque Asia: General Atlantic is partnering with Abu Dhabi wealth fund ADQ and International Holding Co. (IHC), the biggest listed company in the emirate, to create a multi-asset class investment manager.
The new entity, headquartered in Abu Dhabi, will invest in alternative assets, including private equity, venture capital, private credit, and public equities.
According to a press release from the investment and holding company, upon launch, the investment manager will manage a portfolio of assets from ADQ's Alternative Investments platform, Abu Dhabi Growth Fund (ADG), and IHC as well as fresh capital from founding shareholders and future investors to deploy globally.
"It is expected that all ADQ, ADG, and IHC's capital earmarked for alternative investments will be deployed by the new investment manager. General Atlantic, the global growth equity firm with $72 billion in assets under management, will join as a strategic investor and partner bringing to bear its longstanding track record and commitment to investment excellence," said the release.
The investment manager, through a series of new funds, will invest through a combination of LP commitments to top-tier global funds (i.e., fund of funds strategy), direct investments (incl. Private Equity and Venture Capital), credit, and co-investments.
Mohamed Hassan Alsuwaidi, Managing Director and CEO of ADQ, said: "Today's announcement demonstrates our intention to create the largest indepe...................... To view our full article Click here
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