logo
Swiss investment firm Partners Group opens office at ADGM

Swiss investment firm Partners Group opens office at ADGM

Al Etihad3 days ago

17 June 2025 22:49
A.SREENIVASA REDDY (ABU DHABI)Partners Group, a Switzerland-based investment firm and one of the world's largest players in the private markets industry, has expanded its regional footprint with the launch of a new regional headquarters in Abu Dhabi Global Market (ADGM), the UAE capital's international financial centre.In a statement on Tuesday, the firm, which manages over $150 billion in assets and has invested more than $234 billion since its founding in 1996, described Abu Dhabi as a rising global hub for innovation in technology, energy, manufacturing, and digital services.'Abu Dhabi is increasingly becoming a centre of gravity for global advancements in technology, energy, next-generation manufacturing, and digital services,' said Steffen Meister, Executive Chairman of the Board at Partners Group. 'From our new regional headquarters, we look forward to partnering with institutions to capitalise on the many opportunities arising from the upcoming technology-led transformation of industries, often with a nexus to the region.'The Abu Dhabi office—located at Al Maryah Tower in ADGM Square—will be led by Suhail Albaz, Chairman for the Middle East, Africa, and Central Asia. He stressed the strategic importance of the Middle East, especially the GCC, as a growth region for the firm. 'We are actively pursuing the growing opportunities for transformational investing offered to our portfolio of businesses and assets by establishing themselves in the Middle East,' he said.Welcoming the expansion, Ahmed Jasim Al Zaabi, Chairman of ADGM, said: 'We are delighted to welcome Partners Group, one of the largest and most respected firms in the global private markets industry to ADGM. We look forward to their valuable contribution to the vibrant and diverse financial community within Abu Dhabi.'Partners Group has been active in the Middle East since 2010, when it opened an office in Dubai. Its portfolio companies today employ over 2,000 people across the region. A notable example is International School Partnerships, which was founded by the firm in 2013 and recently acquired its tenth school in the Middle East.With more than 800 institutional clients and 200 million client beneficiaries globally, the firm continues to serve a broad base, including sovereign wealth funds, pension funds, insurers, and high-net-worth individuals. In the Middle East, its institutional client relationships are led by Nael Antaki, while Venugopal Reddy oversees the firm's private wealth business in the region.
This latest move brings the company's global network to 22 offices, reinforcing its long-term commitment to private markets and the Middle East's investment landscape.
Source: Aletihad - Abu Dhabi

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Fresh Airline Updates on UAE Flights Amid Conflict
Fresh Airline Updates on UAE Flights Amid Conflict

UAE Moments

time9 minutes ago

  • UAE Moments

Fresh Airline Updates on UAE Flights Amid Conflict

As tensions between Iran and Israel continue to escalate, UAE-based airlines have issued fresh updates on suspended or rescheduled flights. Several carriers, including Air Arabia, Emirates, Etihad Airways, and flydubai, are adjusting their schedules in response to regional airspace closures and safety concerns. Air Arabia Suspends More Routes Sharjah-based Air Arabia announced on Thursday that flights to and from Iran, Iraq, Russia, Armenia, Georgia, and Azerbaijan will remain suspended until Monday, June 30. The airline also stated that services to and from Jordan are on hold until Friday, June 20. Air Arabia, which also operates out of Abu Dhabi, added that passengers transiting through Sharjah or Abu Dhabi with final destinations in any of the affected countries will not be accepted for travel from their point of origin until further notice. Etihad Reschedules Beirut Flights Etihad Airways confirmed updated schedules for its Beirut flights on June 21: EY581: Departs Abu Dhabi at 10 AM, arrives in Beirut at 1:10 PM EY582: Departs Beirut at 2:05 PM, arrives in Abu Dhabi at 7 PM EY583: Departs Abu Dhabi at 2 PM, arrives in Beirut at 5:05 PM EY584: Departs Beirut at 6 PM, arrives in Abu Dhabi at 10:55 PM Emirates Extends Suspensions Dubai's flagship carrier Emirates has extended the suspension of flights to Jordan (Amman) and Lebanon (Beirut) until Sunday, June 22, 2025. In addition, all Emirates flights to Iran (Tehran) and Iraq (Baghdad and Basra) will remain grounded until Monday, June 30, 2025. flydubai Suspends Several Destinations

UAE Carriers Ground Middle‑East Services Amid Israel–Iran Strikes
UAE Carriers Ground Middle‑East Services Amid Israel–Iran Strikes

Arabian Post

time2 hours ago

  • Arabian Post

UAE Carriers Ground Middle‑East Services Amid Israel–Iran Strikes

Arabian Post Staff -Dubai Tel Aviv's Ben Gurion Airport remains closed with no clear reopening date, while Iran, Iraq and Jordan have shut their airspace and forced rerouting, cancellations and suspensions across the region. Abu Dhabi-based Etihad has cancelled its Tel Aviv flights until 30 June, with several Beirut and Amman services rerouted. Emirates has suspended routes to Tehran, Baghdad and Basra until at least 30 June, and flights to Amman and Beirut through 22 June. Flydubai has halted operations to Iran, Iraq, Israel and Syria until 30 June. Air Arabia and Wizz Air Abu Dhabi have also imposed temporary bans or schedule alterations for various Middle‑East destinations. A UAE Ministry of Foreign Affairs advisory urges citizens and residents to closely monitor airline updates and remain in touch with Twajudi, the national consular registration system for managing potential evacuations. ADVERTISEMENT Regional airports are adapting under pressure. Dubai, Abu Dhabi and Sharjah have filed emergency plans to minimise disruption, deploying field teams and enhanced passenger support to handle thousands of affected travellers. Europe-bound flights are now navigating narrow air corridors via Turkey and Egypt, adding hours to journey times, increasing fuel consumption and driving up operational costs amid rising Brent crude prices. Why airspace closures are widening disruption Closure of airspace over Israel, Iran, Iraq, Jordan and Syria forces airlines to detail-call costly detours. Regional carriers like Emirates, Etihad and flydubai are most affected, but even Western carriers—Lufthansa, Air France-KLM, Ryanair, Wizz Air—have suspended affected routes through summer. The cascading effect on schedules includes over 1,800 Europe-bound flight disruptions, approximately 650 cancellations, and delays across transatlantic routes. Airlines have expanded rerouting through Central Asia and the Mediterranean — and passengers are incurring higher ticket prices and longer travel times. Passenger assistance measures Major UAE carriers are offering rebookings, refunds or credits. Etihad and Emirates are assisting passengers with alternate routing, and flydubai has pledged support for stranded individuals. Wizz Air Abu Dhabi has suspended flights to Tel Aviv through 15 September, offering full refunds or rebooking. Safety remains top priority amid military skirmishes. EASA flagged high risks over conflict zones following missile exchanges between Israel and Iran, aligning with airspace closures through October in Syria and ongoing risks in Lebanon and Jordan. Wider implications for aviation and tourism Analysts warn disruptions may prolong as long-range military assets remain in play—fueling concerns about further airspace restrictions. Already, the Middle-East tourism boom has stalled, with summer travel projections for 2025 downgraded across the UAE, Saudi Arabia and Qatar. Airlines are adjusting summer schedules and revising revenue forecasts amid cascading delays and costlier operations. Governments and aviation bodies are in emergency sessions. The UAE's aviation regulator is coordinating with international counterparts, while civil aviation agencies across Europe are recalibrating route permissions and contingency plans—potentially impacting global air connectivity for weeks. Passengers are urged to monitor developments, confirm flight statuses directly with airlines or travel agents and consider flexible booking options as markets remain volatile.

Multiply Media Group expands to the UK, partners with Wildstone
Multiply Media Group expands to the UK, partners with Wildstone

Campaign ME

time3 hours ago

  • Campaign ME

Multiply Media Group expands to the UK, partners with Wildstone

Multiply Media Group (MMG) has announced a strategic long-term partnership with the UK's Wildstone, one of the world's largest owners of outdoor media infrastructure with a portfolio of over 5,400 panels. This partnership gives MMG, a subsidiary of the Abu Dhabi-based investment holding company Multiply Group exclusive rights to manage and operate a portfolio of premium digital out-of-home (DOOH) sites in central London. The move marks a significant step in the Group's strategy to create a borderless, tech-enabled media powerhouse. These assets will be commercialised and operated by BackLite Media, a subsidiary of MMG. 'Expanding into the UK marks a pivotal step in MMG's global growth journey,' said Jawad Hassan, Head of Media and Communications Vertical at Multiply Group.' He noted the Wildstone partnership enables the Group's ambition by providing it with immediate scale. 'Positioned as a strategic launchpad into international media markets, London offers the ideal setting for us to deliver meaningful brand experiences across one of the world's most iconic urban landscapes,' Hassan said. The first operational asset taken over is the Wandsworth Roundabout, which was among 13 high-traffic sites acquired by Wildstone from Transport for London (TfL) earlier this year. The site features four large-format digital screens and is situated on one of London's busiest junctions, with bi-weekly impacts of 6.2 million. 'Partnering with Wildstone deepens our presence in a mature, high-impact market and extends Backlite's premium inventory beyond the UAE,' said James Bicknell, Group CEO of Multiply Media Group. 'Through MMG, we are embracing the evolving media landscape that powers dynamic and impactful campaigns – and this collaboration marks an important step in delivering on that promise at a global scale.' Further adding to the conversation, Damian Cox, Global CEO and Founding Partner of Wildstone, said: 'We are excited to partner with MMG as they bring their forward-thinking approach to London's DOOH market.' 'This collaboration reflects our vision to elevate the standards of urban media infrastructure and help deliver more impactful DOOH campaigns for advertisers across London,' Cox added. Multiply Media Group was officially launched in June 2025, uniting three of the UAE's market-leading out-of-home (OOH) companies – BackLite Media, Viola Media and Media 247 – under a single, tech-enabled media house headquartered in the UAE. The launch took place at the World Out of Home Organization (WOO) Annual Congress in Mexico City and was marked by a bold global DOOH takeover that illuminated cities and screens worldwide with MMG's presence. This international move into London marks MMG's first major expansion beyond the Middle East, reflecting Multiply Group's global growth strategy. With a market cap of over $7.2bn, Multiply Group aims to continue to build scale and impact across its verticals through disciplined, future-facing investments. Finally, MMG claims to be actively exploring further market entries in other global cities. This expansion sets the stage for new acquisitions, partnerships, and investments that align with MMG's mandate to reshape the media sector through scale and forward-looking strategies.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store