Today's Edition
ABU DHABI (ALETIHAD)
Hillhouse Investment Management, a global private alternative asset manager, has announced the opening of a new office in ADGM, marking a further expansion of its presence in the Middle East.
The firm has also obtained a Category 3C licence from the Financial Services Regulatory Authority (FSRA), enabling it to support investment activity and client partnerships across the UAE and the wider Gulf region, a statement from the company said.
The new office reflects Hillhouse’s long-term commitment to the region and its confidence in Abu Dhabi’s rapidly evolving financial ecosystem, the company said.
It will strengthen the firm’s ability to source investment opportunities, execute transactions and collaborate with local stakeholders.
Hillhouse has already established a presence in the UAE through investments across business services and education real estate, including Virtuzone and Clara via its platform Ascentium, as well as Hartland International School and North London Collegiate School through its real assets arm Rava Partners.
Chairman of ADGM, Ahmed Jasim Al Zaabi, said, “We are pleased to welcome Hillhouse to ADGM. As one of the world’s largest private alternative asset managers, their decision to establish a regional presence in ADGM reflects Abu Dhabi’s stature as one of the top global financial centres and reinforces its position as a stable and trusted destination for global businesses. We look forward to supporting Hillhouse’s continued growth and its contributions to the region’s evolving investment landscape.”
Co-Chief Operating Officer at Hillhouse Investment, Adam Hornung, said, “Hillhouse has built strong partnerships with investors, businesses, and government entities across the region for a number of years. This new office will help us continue strengthening those ties and commitments further. We have strong confidence in Abu Dhabi as one of the world’s most important financial and investment hubs, and we are excited to welcome new local colleagues and advisors in the region who will support our platform to expand regionally across the UAE and the wider GCC.”
Established in 2005, Hillhouse manages investments on behalf of institutional clients globally, including sovereign wealth funds, endowments and foundations, with a presence across major financial centres worldwide.
