Abu dhabi: Adams Street Partners, LLC, a private markets investment management firm managing over $62 billion in assets, has announced the opening of its new office in Abu Dhabi, marking its first establishment in the Gulf Cooperation Council (GCC) region. This expansion signifies the firm's commitment to strengthening its presence and partnerships in the Middle East.
According to Emirates News Agency, the new office is located in the Abu Dhabi Global Market (ADGM), a key financial district in the region. Adams Street's local presence aims to bolster its long-standing relationships within the GCC, catering to the needs of its expanding investor base and strategic partners. Jeffrey Diehl, Managing Partner and Head of Investments at Adams Street, expressed that the new office represents a significant milestone in the firm's global expansion strategy.
Arvind Ramamurthy, Chief Market Development Officer at ADGM, highlighted the significance of Adams Street's decision to establish an office in Abu Dhabi. He emphasized the opportunities available in the UAE's capital, which is known for attracting top-tier businesses in the asset management sector. Ramamurthy conveyed ADGM's enthusiasm in supporting Adams Street's growth in the region and welcomed the firm's integration into its expanding ecosystem.