Abu Dhabi – Mubasher: Abu Dhabi Catalyst Partners has unveiled its three initial investments that will position Abu Dhabi as a reputable international financial and business hub during the SALT Abu Dhabi conference which began on 9 December and will conclude on 11 December.  

The investments parallel with Abu Dhabi Catalyst Partners’ mandate to collaborate with superior investment and business firms with the aim to generate rewarding commercial returns and build a sustainable business base in the emirate, according to a press release on Wednesday.

Launched in April 2019, Abu Dhabi Catalyst Partners was able to provide an operational base in Abu Dhabi for businesses looking to expand their scope of business and promote their global presence.

The first investment is a strategic investment with the New York-based Avenue Capital Group, where Abu Dhabi Catalyst Partners will invest $100 million in a new global private credit strategy, to be carried out by Avenue Capital Group from Abu Dhabi Global Market (ADGM).

Commenting on this, the CEO of Abu Dhabi Catalyst Partners, Guy Hurley, said: “The ability of ADGM to attract an investment firm with the heritage and pedigree of Avenue Capital Group is a testament to the work undertaken over the last six years to build a best-in-class financial hub. It should also encourage other asset managers to set up in ADGM.”

The second strategic partnership is with Sirius Aviation Capital covering investments in mid-life, single-aisle aircraft. Through a joint venture, Abu Dhabi Catalyst Partners will invest $100 million in an ADGM-based new company under the name, Sirius Aircraft Investments.

Thirdly, Abu Dhabi Catalyst Partners invested $25 million with Freedom Asset Management, an ADGM-based firm that works in the wealth management field and plans to expand its business activity. Abu Dhabi Catalyst Partners will provide funding to Freedom Asset Management to further spur its growth.