A.SREENIVASA REDDY (ABU DHABI)
Judan Financial Holding, an Abu Dhabi-based financial services company, has completed the acquisition of a 50.1% stake in Alpha Wave Global, a US-based investment management firm, through Judan Alternatives RSC Limited.
International Holding Company (IHC), the parent company of Judan Financial Holding, disclosed the completion of the transaction in a stock market disclosure. However, there were no details about the cost of the transaction in the disclosure.
The acquisition deal was first announced by Judan Financial on March 9, 2026.
The investment marked Judan Financial’s first strategic investment and forms part of its strategy to expand its global asset management footprint and strengthen its position as an international investor in financial services, an earlier statement from Judan Financial said.
Alpha Wave Global has approximately $29 billion in assets under management across four verticals: private equity, private credit, public markets and insurance. The company operates with a team of 116 professionals across 11 offices worldwide, with a base in Miami, Florida.
Alpha Wave’s private equity platform includes investments in AI-driven companies such as SpaceX, Anthropic, OpenAI, Cerebras, Ramp and Long Lake Management. The firm also focuses on companies that stand to benefit from artificial intelligence and maintains a dedicated life sciences group.
The company’s private credit platform underwrites senior loans to companies in the US, Europe and Australia, while its public market strategy is focused on generating an uncorrelated return stream.
As part of the transaction, Alpha Wave will continue to operate under its existing leadership team led by Co-Founder, Chairman and CEO Rick Gerson, alongside Co-Founders Navroz Udwadia and Ryan Khoury. The company had also appointed former Miami Mayor Francis Suarez as President.
The earlier announcement said the investment would support the growth of Alpha Wave’s newly established AI-native US life insurance and retirement solutions vertical. The insurance business is designed to transform underwriting, distribution and customer experience through end-to-end AI integration.
Judan Financial, established in 2026 and headquartered in Abu Dhabi, is a diversified global financial services investment company and a subsidiary of IHC.
Upon completion of planned asset contributions, the company is expected to oversee more than 20 operating financial services companies across more than 13 countries, collectively serving over 11 million clients and managing more than Dh870 billion ($235 billion) in assets under management.