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US-based Argentem Creek Partners (Argentem Creek), in partnership with the Abu Dhabi Investment Office (ADIO), will establish a new regional hub in Abu Dhabi Global Market (ADGM), the region’s leading international financial hub.
The partnership is part of ADIO’s AED2 billion ($545 million) innovation program, which supports innovative companies in high-growth sectors such as financial services. The new hub at Argentem Creek is designed to increase investment opportunities in the Middle East and North Africa (MENA) and Asia.
The firm is an emerging markets credit specialist investing in special situations, private credit, high yield and trade finance. Under the agreement, ADIO will provide financial and non-financial incentives to support the establishment of the Argentem Creek Regional Center in Abu Dhabi.
ADIO Acting Director General Abdulla Abdul Aziz Al Shamsi said: “Abu Dhabi’s banking, insurance and asset management sectors are driving tremendous growth in the region. ADIO’s partnership with Argentem Creek will benefit a range of industries in the region, including manufacturing , logistics, trade finance and food safety, providing access to the company’s emerging markets and credit expertise to support current and future opportunities.”
“The partnership will also help develop local talent and support the continued development of Abu Dhabi’s financial services infrastructure through emerging market knowledge and deal flow,” said Al Shamsi.
He added: “The partnerships established through ADIO’s innovation programme demonstrate our continued commitment to accelerating innovation in high-growth areas, which will create impactful advancements in the UAE and the wider region.”
Argentem Creek will seek to foster local and regional partnerships to expand access to cross-sector investment opportunities in the region by leveraging its expertise in emerging markets, restructuring and governance best practices.
In addition to the Emerging Markets Special Circumstances flagship strategy, the office’s specific focus areas include Asia-focused assets, trade finance for energy transition materials and the firm’s other strategies in the MENA region.
Daniel Chapman, CEO and CIO of Argentem Creek, said: “Our Abu Dhabi regional office marks a major milestone in the company’s strategic expansion to support the Middle East, Asia and Africa, closer to customers, deal flow and Current and future opportunities for investors.”
“The strong government support makes Abu Dhabi a fast-growing and inclusive financial hub that fosters innovation. Abu Dhabi provides infrastructure, business opportunities and highly skilled local talent that will strengthen our existing global relationships and investment expertise Knowledge. We are committed to creating value across strategic verticals and are delighted to be part of the next chapter of Abu Dhabi’s development vision and growth,” he added.-TradeArabia News Service
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