Abu Dhabi:The Private Department of Sheikh Mohammed bin Khalid Al Nahyan, along with its affiliate KSH Investments, has announced the launch of the Pvt Dpt - LNG Fund (CEIC) IC, targeting an initial closing of $1.2 billion. Reem Partners Limited will serve as the Fund Manager, with KSH Investments acting as the Strategic Consultant.
According to Wam, the fund is part of a strategic agreement with MidOcean Energy and EIG, aiming to collaborate on capital formation and investment opportunities in energy and infrastructure within the UAE and select regional markets. This initiative marks a step toward bolstering Abu Dhabi's and the UAE's capital markets through the introduction of investment vehicles in ADGM.
Reem Partners Limited, an ADGM-incorporated firm regulated by ADGM's Financial Services Regulatory Authority, will manage the fund. The firm's activities include arranging deals in investments and managing a collective investment fund.
The launch underscores a commitment to identifying long-term opportunities in energy and infrastructure, strengthening regional investment platforms. Dr. Ahmed Mansour, CEO of Global Investment and Asset Management at the Private Department, emphasized the strategic nature of this investment in enhancing global infrastructure and energy assets.
Borja Gervas, SEO of Reem Partners Limited, expressed gratitude for the opportunity and pride in contributing to ADGM's growth as a favored jurisdiction in the Middle East. Similarly, Jorge Garcia-Garcia, Managing Director of Reem Partners Limited, highlighted their role in supporting this initiative and the development of capital markets in the region.