Abu Dhabi Global Market (ADGM) announced commitments totalling $635 billion in assets under management (AUM) during the third edition of Abu Dhabi Finance Week (ADFW), marking a significant increase from the $450 billion recorded during the 2023 event.
Key commitments came from eight major global institutions, including private equity firms General Atlantic ($100 billion AUM), Lone Star Funds ($95 billion AUM), and Investindustrial ($14 billion AUM); private credit firms Golub Capital ($70 billion AUM) and Polen Capital ($63 billion AUM); insurance manager Eldridge ($74 billion AUM); global equity management company Carta ($150 billion assets under administration); and hedge fund Marshall Wace ($69 billion AUM).
This year’s additions build on a strong quarter for ADGM, which saw the establishment of major global asset management firms, including BlackRock ($11 trillion AUM), PGIM ($1.4 trillion AUM), and Nuveen ($1.1 trillion AUM).
The momentum at ADGM was further bolstered by billionaire-led family offices choosing the financial centre, including Criterion Capital’s Asif Aziz, philanthropist Wafic Said, and Singaporean entrepreneur Kishin RK.
“The growing number of global financial leaders choosing ADGM reflects our commitment to excellence, robust regulations, and Abu Dhabi’s reputation as a dynamic jurisdiction for asset and wealth management,” said HE Ahmed Jasim Al Zaabi, Chairman of ADGM. “These partnerships support the growth and diversification of the ‘Falcon Economy,’ creating opportunities across industries and borders.”
