Abu Dhabi’s AltNovel has launched a brand new funding platform geared toward making it simpler for buyers to entry personal capital investments.
The brand new AltNovel platform will enable high-net-worth people, household places of work, and wealth managers to construct diversified portfolios in personal markets. Customers will be capable of use the platform to put money into personal fairness, personal credit score, actual property, infrastructure, and digital property.
“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 govt Stergios Voskopoulos.
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“Our platform bridges a vital hole, offering subtle personal market options with transparency and innovation.”
The platform gives a complete suite of funding choices, from major fund investments, secondaries and co-investments to fund-of-funds.
It goals to assist buyers “obtain optimum liquidity and superior returns whereas navigating the advanced personal markets,” Voskopoulos added.
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Abu Dhabi has been constructing a fame as a capital markets hub in recent times, because of plenty 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 major dedication” from a subsidiary of ADIA to fund its South Korea personal credit score technique.
And in July, Arrow International obtained a $400m (£309.7m) investment from ADIA to spice up its European actual property lending technique.
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