Today's Edition
ABU DHABI (ALETIHAD)
Judan Financial, a subsidiary of International Holding Company (IHC), has announced its first strategic investment in US-based investment management firm Alpha Wave Global, acquiring a 50.1% stake in the company.
“The investment marks a step in Judan Financial’s strategy to expand its global asset management footprint and strengthen its position as an international investor in financial services,” a media statement said.
The cost of the transaction was not disclosed in the statement.
Alpha Wave Global manages approximately $29 billion in assets across four verticals — private equity, private credit, public markets and insurance — and operates with a team of 116 professionals across 11 offices worldwide, with a base in Miami, Florida.
The company’s private equity platform focuses on growth investments in AI-driven companies including SpaceX, Anthropic, OpenAI, Cerebras, Ramp and Long Lake Management. It also has an active life sciences investment group.
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 firm recently appointed Francis Suarez, former Mayor of Miami, as President.
Backed by the capital strength and strategic support of Judan Financial, Alpha Wave plans to accelerate the development of its newly established AI-native US life insurance and retirement solutions business.
Mohamed Alsuwaidi, Vice Chairman, Managing Director and CEO of Judan Financial, said: “Alpha Wave exemplifies the type of partner we seek to bring into Judan Financial – globally recognised, performance-driven and strategically aligned with the future of finance.
"With robust capabilities across private equity, private credit, public markets and insurance, and a clear vision to drive AI-led innovation within the financial services sector, Alpha Wave represents an ideal strategic fit. Together, we will accelerate growth, strengthen institutional partnerships and unlock new opportunities for investors.”
Rick Gerson, Co-Founder, Chairman and CEO of Alpha Wave Global, said: “Partnering with Judan Financial marks a transformative milestone for Alpha Wave, and we look forward to building the next chapter of growth together. With Judan’s long-term capital base and global network, we are well positioned to scale our investment platforms, expand our global reach, and continue backing the world’s most innovative companies as we seek to generate compelling risk-adjusted returns for our investors.”
Suarez, President of Alpha Wave Global, said the partnership brings together global capital, technology-driven innovation and long-term vision, strengthening Alpha Wave’s ability to expand its footprint and launch its AI-native insurance platform in the United States and beyond.
