ADGM awards VC fund manager licence to Hambro Perks

UK fund manager Hambro Perks is celebrating the award of a Venture Capital Fund Manager licence from the Abu Dhabi Global Market (ADGM), the emirate’s international financial centre.

According to Hambro Perks, it is only the second licence of its kind to be issued, which it will use to promote its investment objectives in the Middle East.

“We’re extremely pleased to have incorporated in Abu Dhabi Global Market, an innovative financial centre with a progressive and responsive regulator, to promote Hambro Perks’ investment objectives in the Middle East,” said Peter Soliman, senior executive officer at Hambro Perks.

The decision was also hailed by Hambro Perks’ fund administrator, PraxisIFM, as well as its head of fund marketing, Sam Shields.

“For ADGM to attract such a high calibre investment manager to the region is a testament to the ease of access and approach undertaken by the regulator during the application process and a great sign for the future of venture capital activity in the region,” said Shields.

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