UAE. US private investment company Paladin Capital Group and Abu Dhabi-based investment company Invest A.D. have established a private equity joint venture that will channel investments into the Middle East and North Africa (MENA) region and Turkey.
The joint venture between Paladin Capital (Middle East) Limited, a company registered in the Dubai International Financial Centre and regulated by the Dubai Financial Services Authority, and Invest A.D., a subsidiary of the Abu Dhabi Investment Council -- a leading sovereign wealth fund -- plans to launch a $100 million fund to tap growing global investor interest in new emerging markets growth opportunities.
The joint investment team has identified a strong deal pipeline in the Middle East, North Africa and Turkey, a region that is expected to see GDP growth of 4.7 percent this year and 3.8 percent in 2013*.
“Small- and medium-size companies are the backbone of the region’s economy, and they are hungry for capital to expand, operationally and geographically, in the process creating jobs and increasing profits” said Mr. Michael Steed, Founder and Managing Partner of Paladin Capital Group and Chairman of Paladin Capital (Middle East) Limited.
“As they move to the next level, their prospects are excellent, given that MENA economies are set on a strong growth trajectory, and are performing well considering the uncertain global backdrop”.
“Companies in the MENA region are looking for stable and respected partners to help them achieve their ambitions, not just with capital, but with expertise and international business networks,” said Invest A.D.’s Chief Executive Officer, Mr. Nazem Fawwaz Al Kudsi.
“The Paladin-Invest A.D. partnership delivers weighty international experience, an excellent deal making track record, and a deep boots-on-the-ground knowledge of the region’s public and private sectors,” he added.
The joint venture’s advisory board includes leading figures, such as former NATO Supreme Allied Commander General Wesley Clark, former Senior White House Advisor Richard Clarke, and former Chairman of the US Democratic National Committee Terry McAuliffe.
Paladin Capital Group is a leading multi-stage private equity firm with offices in Washington, D.C., New York and Dubai, UAE that provides funding to growing companies. Across the globe, from Silicon Valley to Brazil, Paladin invests in “best-of-breed” companies with technologies, products, and services that meet the challenging demands of commercial, federal, and international customers.
Paladin is comprised of individuals with a proven track record of financial expertise and technical competence. Collectively, Paladin’s investment professionals have completed over 125 direct and co-investments transactions in a wide range of industries. Paladin has approximately US$ 1 billion of committed and invested capital across multiple funds and has invested in over 50 portfolio companies.
Invest A.D. – the Abu Dhabi Investment Company – was founded in 1977 and is owned by the Abu Dhabi Investment Council, a sovereign wealth fund owned by the Abu Dhabi government. With headquarters in Abu Dhabi, and offices in Dubai, Istanbul and Casablanca, Invest A.D. specialises in growth markets in the Middle East, Turkey and Africa.
After 35 years of experience in these markets, the company has acquired the deep experience and wide networks necessary to identify and access real opportunity for its international clients. Its team of professionals has a strong track record in the Middle East and Africa and is fully acquainted with the nuances of a complex but immensely promising region.
*Source: IMF World Economic Outlook – April 2012.
About Invest A.D.
Established in 1977, Invest A.D. is a leading Abu Dhabi government-owned financial services company, focused on tapping the growth markets of the Middle East and Africa. Invest A.D. offers investors access to both private equity and listed equity opportunities in these regions, blending international best practice with intimate knowledge of the markets, networks and dynamics of each country.
For more information, please visit www.investad.com
About Paladin Capital Group
With offices in Washington, D.C., New York, New York and Dubai, United Arab Emirates, Paladin Capital Group is a leading multi-stage private equity firm providing capital and strategic guidance to growing companies. The firm focuses on companies with products and services that are “dual use” in nature, serving both commercial and government customers. Paladin has approximately US$1 billion dollars of committed capital across multiple funds and has invested in over 50 portfolio companies.
For more information, please visit www.paladincapgroup.com