UAE: The Abu Dhabi Global Market (ADGM) saw assets under management (AuM) increase from US$450 billion to US$635 billion in 2024. Its growth was further bolstered by the establishment of billionaire-led family offices – including those of British businessman Asif Aziz, prominent philanthropist and financial strategist Wafic Said, and Singaporean entrepreneur and real estate leader Kishin RK. ADGM already hosts asset managers, BlackRock, PGIM, Nuveen and Criterion Capital. Among private equity firms present are General Atlantic, Lone Star Funds and Investindustrial, along with private credit giants Golub Capital and Polen Capital, insurance manager – Eldridge as well as leading global equity management company Carta and hedge fund Marshall Wace.
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