Abu Dhabi Fund Makes Strategic Investment in US Tech Equity Firm

The Abu Dhabi Catalyst Partners (ADCP), an investment firm backed by Mubadala Investment Company, the sovereign wealth fund of Abu Dhabi, announced a strategic investment in Haveli Investments, a US-based private equity firm specializing in enterprise software and gaming. This move signals ADCP's intent to expand its portfolio in the technology sector and foster stronger ties between the United Arab Emirates (UAE) and the US tech market.

The financial details of the investment were not disclosed. However, the deal will enable Haveli to establish its first international office in the Abu Dhabi Global Market (ADGM), the emirate's international financial center. This new office will house a team of investment and operations professionals focused on software and gaming, bolstering Haveli's global reach and presence.

ADCP, a joint venture between Mubadala Capital and Alpha Wave Global, was established in 2019 with a mandate to invest in high-potential companies that can benefit from a presence in the ADGM. This investment aligns with ADCP's strategy of supporting the diversification of Abu Dhabi's economy and positioning the ADGM as a hub for global investment activity.

For Haveli, the partnership with ADCP provides a significant opportunity to tap into the growing tech market in the UAE and the wider Middle East region. The firm's expertise in enterprise software and gaming aligns well with the UAE's focus on fostering innovation and developing a knowledge-based economy. Haveli's partnership with NYSE-listed alternative asset manager Apollo in 2022 further strengthens its credentials and deal-making capabilities.

The investment deal is mutually beneficial. ADCP gains exposure to a high-growth sector through Haveli's investment focus, while Haveli leverages ADCP's experience and network to establish a foothold in the Middle East. This collaboration is expected to contribute to the development of the UAE's tech ecosystem by bringing new investment opportunities and expertise to the region.

The deal comes amid a growing trend of Abu Dhabi sovereign wealth funds investing in the global technology sector. Mubadala Investment Company itself has been actively deploying capital in areas like artificial intelligence, cloud computing, and cybersecurity. This strategic investment by ADCP underscores Abu Dhabi's commitment to building a diversified and knowledge-based economy, fueled by innovation and collaboration with leading global players.

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