First closing earlier this month for secondary private equity fund
Abu Dhabi Capital Management (ADCM), an alternative investment firm, has announced the launch of its first fund the ADCM Secondary Private Equity Fund with a target size of $100 million (Dh367 million).
The fund had its first closing of $30 million earlier this month.
The final closing is scheduled to take place in February 2012 at $100 million.
The Fund will be investing in secondary private equity funds in the Mena, US, and Europe regions. This is the first secondary private equity fund that mainly focuses on investing in secondary private equity funds in the Mena region.
ADCM serves high net worth individuals and institutions, and manages assets in the Middle East and other geographies worldwide.
© Emirates 24|7 2011
