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3rd Party: 18 Sep 2024
Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, today announced the opening of an office in Abu Dhabi, United Arab Emirates (UAE), having received the Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) to arrange and advise on investments in the UAE. The firm plans to utilize its local presence to expand its network for potential investment opportunities, better serve its partners in the region, and continue to build key relationships.
Hajir Naghdy, Senior Managing Director and Head of Asia and the Middle East at Stonepeak, said: “We are excited to establish our presence in Abu Dhabi, and specifically within ADGM, an increasingly important hub for the global investment management industry. This expansion reflects our deep commitment to Abu Dhabi and the broader Middle East, enabling us to work more closely with our partners and offer better access to Stonepeak’s global infrastructure platform.”
Arvind Ramamurthy, Chief of Market Development at ADGM, said: “ADGM is pleased to welcome Stonepeak to one of the world’s largest international financial centres and the region’s fastest-growing asset management hub. With robust regulations for alternative investment entities, a comprehensive ecosystem for asset management and a vibrant community based in the heart of the ‘Capital of Capital,’ Abu Dhabi, ADGM provides an ideal environment for Stonepeak’s regional expansion. We look forward to the unique offerings they will bring to their partners and investors in Abu Dhabi and beyond.”
In addition to its newly established presence in Abu Dhabi, Stonepeak employs more than 250 people in New York, Houston, London, Hong Kong, Seoul, Singapore, Sydney, and Tokyo. The firm manages approximately $71.2 billion in assets on behalf of its partners.
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