Abu Dhabi Capital Management has launched its first fund, ADCM Secondary Private Equity Fund, with a target of $100 million. The firm held a $30 million first close of the fund earlier this month, the firm said in a written release. A final close is planned for February 2010.
Abu Dhabi Capital Management has announced the launch of its first fund: the ADCM Secondary Private Equity Fund, which has a target size of USD 100 million. The Fund had its first closing of USD 30 million earlier this month. The final closing is scheduled to take place in February 2012 at USD 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.
Abu Dhabi Capital Management is an alternative investment firm based in Abu Dhabi. It serves High Net Worth Individuals and Institutions, and manages assets in the Middle East and other geographies worldwide.