News Briefs

Power Corp’s Sagard launches first Mideast office in Abu Dhabi

The office will be led by Firas Mallah, a Sagard managing director and head of the Middle East.

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  • Firas Mullah brings to Sagard over two decades of experience, in particular, Mideast fundraising expertise and relationships with institutional investors across the region
  • In this new role, Mullah will lead the acceleration of Sagard’s activities in the region and be responsible for developing its investor base, building its ecosystem and and creating foundational partnerships

Sagard, the alternative asset management arm of Power Corp of Canada, has opened its first Middle East office in Abu Dhabi.

The office will be led by Firas Mallah, a Sagard managing director and head of the Middle East. He brings over two decades of experience, in particular, Mideast fundraising expertise and relationships with institutional investors across the region and various strategies in public and private markets.

In this new role, Mullah will lead the acceleration of Sagard’s activities in the region and be responsible for developing its investor base, building its ecosystem and creating foundational partnerships, including the company’s portfolio companies.

“Opening our new office in the United Arab Emirates is an important milestone towards our vision of becoming one of the most respected and impactful alternative investment management firms globally,” said Paul Desmarais III, chairman and CEO of Sagard, in a statement. “I am thrilled to welcome Firas Mallah to the Sagard team as managing director and head of MENA. We are already building on exciting local partnerships and are eager to accelerate our many opportunities for growth and collaboration.”

Sagard is a multi-strategy alternative asset management firm with $14.5 billion under management, 125 portfolio companies and 300 professionals. With offices in Canada, the US, Europe and the Middle East, it invests in venture capital, private equity, private credit, real estate and royalties.