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Exclusive: ADFG mulls launching private equity fund

January 2016

By Sunil Kumar Singh

January 26, 2016 | 10:15 | Abu Dhabi

Abu Dhabi Financial Group (ADFG), the multi-billion dollar alternative investment firm based in Abu Dhabi, is assessing the option to launch a private equity fund, the head of the firm has said. “We have a strong pipeline of investments and are evaluating the launch of more funds in the future,” Jassim Alseddiqi, CEO, Abu Dhabi Financial Group, told Wealth Monitor. He said the GCC private equity space is witnessing unprecedented growth paving the way for a less oil dependent economy driven by a dynamic and innovative private sector environment.

“New opportunities continue to emerge across the region and, positively, it is evident that the slump in oil prices has not discouraged seasoned investors from putting in capital to new funds. We are confident that fundraising in 2016 will gain momentum as the year progresses,” he said. Back in 2011, ADFG had launched the first Middle East based secondary fund ADCM Secondary Private Equity Fund. Since then the fund has generated strong returns for the investors with an interim internal rate of return (IRR) of 22%. “It has returned approximately 63% of the invested capital to its LPs (limited partners),” Alseddiqi added. ADFG’s operations encompass investments, asset management, advisory and research, financing and structuring solutions and real estate development, with a focus on financial services, real estate and debt. In November last year, ADFG had launched Integrated Securities, a brokerage firm providing retail and institutional investors with brokerage services.

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