Bain Capital is opening an office in Abu Dhabi today, reaffirming confidence in the GCC’s fundamentals as an investment location for investors.
The private equity firm will start with five to ten people in ADGM, although this number could rise over time according to David Gross, Managing Partner, speaking to Bloomberg.
“While the unfolding war is [obviously] tragic… it doesn’t change Bain Capital’s long-term outlook or impact plans to deepen our investment in the region,” Gross said.
Nacho Font, who previously led at Brookfield, will lead the Abu Dhabi office.
The capital fund aims to deploy capital via global flagship funds and associated portfolio subsidiaries, with talks underway on deals including aircraft leasing and maintenance leasing.
Blackstone Inc also announced two inbound deals since the onset of the Iran war (28 February).
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