US investment manager GQG Partners has invested USD 500 mn in International Holding Company (IHC) investment platform Alpha Dhabi, according to a press release (pdf). The asset manager said the firm is “very well positioned over the long run,” with a market cap of AED 111.2 bn and a “longer-term headroom” in the region, founder and chief investment officer of GQG Partners, Rajiv Jain, said.

The first of many? GQG received a license last year to set up GQG Partners in the Abu Dhabi Global Market (ADGM), establishing its first-ever office outside of the US. The investor is keen on Abu Dhabi and its “high-quality assets,” anticipating the emirate’s market to grow in value, Jain added.

GQG is doubling down on its Mena investments, having piled up USD 2.8 bn stakes in companies in the Middle East by January, lured by “business friendly” government policies, plans to move away from oil, and “massive privatization hopes,” Jain told the Financial Times early 2024.

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