Today's Edition
ABU DHABI (ALETIHAD)
The Abu Dhabi Investment Authority (ADIA) has decided to acquire a minority stake in Innocap Investment Management, a Canada-based investment solutions provider.
According to a statement from Innocap, a wholly owned subsidiary of ADIA will become a shareholder in the company. Over the coming years, this stake is set to increase to 10%, at which point Mohammed Sghayer Khalaf Al Qubaisi, Deputy Director of the Alternative Investments Department at ADIA, will join Innocap’s board of directors.
The ADIA subsidiary will join Innocap's other shareholders, which include its senior management, Caisse de dépôt et placement du Québec (CDPQ), BNY Mellon, Walter Global Asset Management, and BNP Paribas.
Innocap Investment Management, headquartered in Montreal, Canada, specialises in providing institutional investors with customised investment solutions and operational infrastructure to manage and monitor their assets.
The firm’s managed account platforms offer transparency, control, and governance. They allow clients such as pension funds, insurance companies, and sovereign wealth funds to consolidate and oversee their investments across multiple asset managers while maintaining robust operational and risk management structures.
The company caters to large-scale institutional investors, equipping them with tools to manage alternative investments, including hedge funds, private equity, and other complex strategies.
In a statement, Innocap revealed that ADIA has also selected the company to provide dedicated managed account platform services for parts of its hedge fund and equity exposures.
“ADIA is one of the world’s leading institutional investors, and we are proud to have been selected to provide dedicated managed account platform services,” said François Rivard, Chief Executive Officer of Innocap.
Welcoming ADIA as a shareholder, Rivard noted, “The move enhances the robustness and diversification of our shareholder base and will increase the momentum of our industry transformation story, driving the growth of our purpose-built technology platform.”
Al Qubaisi highlighted the benefits of Innocap’s platform for ADIA, stating, “Innocap provides ADIA with a more cash-efficient structure while allowing for greater investment flexibility for some of its hedge fund and equity exposures.”
Innocap has also announced plans to open an office in Abu Dhabi, recognising the Middle East as a key growth market.
