Opening follows Category 4 license approval by DFSA

DIFC office to chiefly market and advise firm's own funds: ADCM Special Situations I; Qannas Investments Limited; and ADCM Special Situations II

Dubai, UAE; January 23, 2013: Abu Dhabi Capital Management (ADCM), a GCC-focused alternative investment firm, today opened its first office in the Dubai International Financial Centre (DIFC), and second in the UAE. The opening by the firm, which retains its headquarters in Abu Dhabi, follows approval from the Dubai Financial Services Authority (DFSA) for a Category 4 investment license to operate in the DIFC.

Established in January 2011, ADCM currently manages more than $150 million in assets for institutional and high net worth individuals, deployed in Special Situations Private Equity and Real Estate opportunities. In early 2012, ADCM launched Qannas Investments Limited (QIL), a $200 million London Stock Exchange Alternative Investment Market (AIM) listed vehicle, focused on investing opportunistically in the GCC region.

As a Category 4 licensed investment firm, ADCM is authorised to market its funds in and from the DIFC, including the ADCM Special Situations I, QIL, and ADCM Special Situations II as well as market other approved funds, arrange credit, and provide financial advice to clients.

Jassim Alseddiqi, Chief Executive Officer, Abu Dhabi Capital Management, said: "The opening of our DIFC office marks another milestone in the establishment of ADCM as a major force in the GCC investment community. Our business model is predicated on offering investors complete transparency and the highest standards of governance, making the exceptionally well regulated DIFC a natural second home for the firm."

Mustafa Kheriba, Chief Operating Officer, Abu Dhabi Capital Management, added: "In a relatively short space of time, Abu Dhabi Capital Management has earned a reputation for its innovative investment approach, talented investment managers, ability to source niche special situations opportunities, and a proven ability to deliver high quality returns. As the firm's reputation has grown, so too has demand from investors to invest in our funds and through our strategies. The opening of our DIFC office is in direct response to this demand, and will significantly increase investor access to ADCM."  

-Ends- 

About Abu Dhabi Capital Management:
Abu Dhabi Capital Management (ADCM) was established in Abu Dhabi, United Arab Emirates, as an alternative investment firm seeking opportunistic investments across various sectors and geographies. ADCM's talented core team boasts over 40 years of experience in key investment markets including MENA, North America, Europe, Eastern Europe and Southeast Asia. The company's business is divided into two distinct areas: Private Equity and Real Estate.

ADCM launched its Private Equity business in January 2011. Through its private equity investments, ADCM seeks to acquire equity interests in businesses in various sectors in the MENA region. ADCM has an experienced investment team which has demonstrated a stellar track record through several investments completed in their previous roles and more recently in ADCM in 2012.

ADCM launched its Real Estate business in October 2011 when it sourced and completed a high profile senior loan transaction with a leading property developer in Central London, England. ADCM has since embarked on several other Real Estate opportunities specifically in the UAE and Central London.

Qannas Investments Limited (QIL) is a Jersey-domiciled, AIM-listed, closed-ended, Investment Company managed by ADCM. The investment program involves a US$200 million portfolio of investments with funds expected to be raised in several equity offerings over 3-4 years.

For further information visit www.adcm.ae

For further information, please contact:
Liam Turner / Ajith Henry
ASDA'A Burson-Marsteller
Dubai, UAE
Tel: 971-4-4507600
Fax: 971-4-4358040
Email: liam.turner@bm.com / ajith.henry@bm.com

© Press Release 2013