Abu Dhabi’s L’imad Capital prepares to seek outside capital for PE strategy
Abu Dhabi sovereign investment platform L’imad Capital is preparing to raise capital from external investors for a new investment vehicle focused on private equity and other alternative assets, according to a report by Bloomberg citing unnamed people familiar with the plans.
Abu Dhabi's sovereign investment arm, L’imad Capital, is set to seek external funding for its private equity strategy, according to reports. The unit, which is a part of the $300bn L’imad wealth fund, aims to create a global investment platform that can engage in direct transactions, co-investments, and partnerships. Bloomberg sources cite unnamed individuals familiar with the plans, stating that a potential fundraise may occur as early as next year.
However, the decision is still under consideration. L’imad Capital is in the process of recruiting a chief executive, with senior appointments expected in the coming months. The unit is being developed within a larger restructuring of its parent company, L’imad, which is chaired by Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed Al Nahyan.
The restructuring aims to transform L’imad into more of a holding company, with L’imad Capital operating under a buyout-style mandate to pursue investments for both portfolio companies and to generate returns for the wider group.
Written by urgent.news from Private Equity Wire's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
