May 29, 2024

Insights Investments & Exits

ADQ Bets It Large On Aliph Capital’s fund

ADQ has invested $125 million in Aliph Capital’s fund. The Aliph Fund I (LP) is a private equity fund that invests in mid-sized UAE and GCC companies. Huda Al-Lawati, founder and CEO of Aliph Capital, said that digital and tech enablement levers will be important for GCC-based private equity in the region’s midmarket growth.

ADQ is in charge of Abu Dhabi’s most important assets in the areas of energy, transportation, and food. In September, Further Ventures—a subsidiary of ADQ—announced a $200 million startup fund. The fund will focus on digital assets, FinTech, and supply chain startups.

Also, in August, AI company G42—which is funded by Mubadala, a subsidiary of ADQ—announced a $10 billion fund to invest in late-stage tech companies. The Abu Dhabi Growth Fund will manage the fund.

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