Abu Dhabi:Advent, a prominent global private equity investor, has announced the opening of a new office in ADGM, Abu Dhabi's international financial center, marking an expansion of the firm's international platform into the Middle East.
According to Wam, the establishment of this office provides Advent with a local base to enhance its interactions with investors, support its existing portfolio companies, and explore potential investment opportunities in the region.
James Brocklebank, Managing Partner and Co-Chair of Advent's Global Executive Committee, emphasized that Abu Dhabi serves as a natural addition to Advent's global network, complementing recent office openings in Sydney and Tokyo. He noted that a local presence allows the firm to be closer to the institutions and long-term partners that are integral to its operations, providing a robust foundation for deepening engagements over time.
Mehdi Iraqi, Managing Director of Limited Partner Services, who will lead the new office, highlighted the Middle East's importance as home to some of Advent's most valued long-term partners, and the establishment of the office underlines the firm's commitment to maintaining proximity to these partners.
Arvind Ramamurthy, Chief Market Development Officer at ADGM, acknowledged Advent's decision to set up in ADGM as indicative of Abu Dhabi's appeal as a leading destination for global investment firms. He pointed to ADGM's dynamic ecosystem that integrates international investors, financial institutions, and professional services firms within a strong, internationally recognized regulatory and legal framework, expressing enthusiasm in supporting Advent's growth and engagement in the region.