The Abu Dhabi Investment Authority, which has been the primary investment vehicle of the UAE government for the past 40 years, has seen a drop in its long-term gains. The fund’s assets are expected to drop to 475 billion USD at the end of 2016, down from an estimated 502 billion USD at the end of 2014. However, assets are expected to rise again in 2017, according to credit ratings agency Fitch.
The news has not had a major impact on investor confidence in the UAE. As pointed out by His Highness Sheikh Hamed bin Zayed Al Nahyan, “ADIA put in a creditable performance in 2015 despite volatile market conditions that saw equity markets end the year little changed from where they began”.
The UAE government is looking to co-invest in “special situations” through the Alternative Investments unit of ADIA, and expand its portfolio in a variety of non-oil-related sectors. Other GCC-based investors that are also looking beyond oil in search of revenue.
Dubai-based Abraaj Group recently announced the close of its first fund dedicated entirely to overseas investments in Turkey. The Abraaj Turkey Fund I (ATF I) closed at 486 million USD, with 78 percent of the committed capital coming from institutional investors and sovereign wealth funds. The fund will target mid-sized businesses in multiple different sectors, including healthcare.
Naseba is a deal facilitator that has spent over a decade building a network of contacts with investors from around the world – including the GCC. This network includes family offices, sovereign wealth funds, investment firms, high net worth individuals and members of royalty.
Our investor analyst team speaks to investors on a daily basis in order to fully understand their needs and mandates. The team is currently sourcing global healthcare investment opportunities on behalf of these investors.
On 4th and 5th, October 2016, we will be organising a private investor meeting in Dubai and Riyadh to introduce pre-screened GCC investors to pre-qualified global healthcare investment opportunities.
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Naseba investor introduction
+971 4 455 7954