Abu Dhabi’s AltNovel has launched a brand new funding platform aimed toward making it simpler for traders to entry personal capital investments.
The brand new AltNovel platform will permit high-net-worth people, household workplaces, and wealth managers to construct diversified portfolios in personal markets. Customers will be capable to use the platform to spend money on personal fairness, personal credit score, actual property, infrastructure, and digital belongings.
“We’re proud to launch AltNovel in a vibrant area just like the GCC and a metropolis identified for its management in finance – the Capital of Capital” stated AltNovel’s chief government Stergios Voskopoulos.
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“Our platform bridges a crucial hole, offering subtle personal market options with transparency and innovation.”
The platform affords a complete suite of funding choices, from major fund investments, secondaries and co-investments to fund-of-funds.
It goals to assist traders “obtain optimum liquidity and superior returns whereas navigating the complicated personal markets,” Voskopoulos added.
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Abu Dhabi has been constructing a popularity as a capital markets hub lately, due to a lot of excessive profile personal market investments by the emirate’s sovereign wealth fund Abu Dhabi Funding Authority (ADIA) and its subsidiaries.
Earlier this 12 months, SC Lowy secured “a big dedication” from a subsidiary of ADIA to fund its South Korea personal credit score technique.
And in July, Arrow World acquired a $400m (£309.7m) investment from ADIA to spice up its European actual property lending technique.
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