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Abu Dhabi-based investment and holding firm ADQ has invested $125 million in the inaugural fund of Aliph Capital, an alternative investment firm based in Abu Dhabi Global Market (ADGM).
Aliph Fund I (LP) is a US$250 million private equity fund aimed at investing in mid-cap companies in the UAE and the Gulf Cooperation Council.
Huda Al-Lawati, founder and CEO of Aliph Capital, said: “The timing of GCC private equity investments in the region’s mid-market growth stars is perfect, and when they are fully equipped with digital and technology-enabled levers, there will be considerable returns and fuels the continued diversification and transformation of the GCC economy.”
ADQ’s portfolio holds Abu Dhabi’s most strategic assets in the energy, transport and food sectors.
In September, ADQ-backed Further Ventures provided $200 million in funding for startups. The fund will focus on building startups in digital assets, fintech and supply chain.
In August, G42, an artificial intelligence firm backed by Abu Dhabi’s sovereign wealth fund Mubadala, launched a $10 billion fund to invest in late-stage tech companies. The fund is managed in partnership with ADQ-owned Abu Dhabi Growth Fund.
(Writing by Seban Scaira; Editing by Daniel Luiz)
(seban.scaria@lseg.com)
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