Abu Dhabi-based asset manager, Al Dhabi Capital, has launched a Mena-focused equity fund.
The Al Dhabi Capital Mena Fund is seeded with a US$100 million from parent company Al Dhabi Investment.
The fund is domiciled in the Cayman Islands while the firm is based in the Abu Dhabi Global Market.
According to a statement from Abu Dhabi Capital, the new fund “follows a bottom-up stock-picking process and seeks to invest in liquid equities with a long-term, buy-and-manage approach”.
The firm currently manages $600 million in public equities for a largely institutional client base.
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