ADQ and IHC are chaired by Sheikh Tahnoon bin Zayed
al-Nahyan, who is also the UAE's national security adviser and
has been a foreign policy troubleshooter for his brother,
President Sheikh Mohammed bin Zayed al-Nahyan.
(Reporting by Hadeel Al Sayegh; Editing by Alexander Smith)
DUBAI, March 6 (Reuters) - Abu Dhabi sovereign wealth
fund ADQ and local conglomerate IHC said on Monday they plan to
create a multi-asset class investment manager, and bring in
global private equity firm General Atlantic as a strategic
partner and investor.
The investment manager will manage a portfolio of assets
from ADQ’s alternative investments platform Abu Dhabi Growth
Fund (ADG) and IHC, the three parties said, as well as fresh
capital from founding shareholders and future investors.
It will establish its primary hub in Abu Dhabi, with the
intention of adding further international offices in North
America, Europe and Asia, the parties said in a statement.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.