Stonepeak has opened an office in Abu Dhabi, United Arab Emirates (UAE), after receiving financial services permission (FSP) from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) to arrange and advise on investments in the UAE.
The firm plans to use its local presence to expand its network for potential investment opportunities, better serve its partners in the region and continue to build key relationships.
“We are excited to establish our presence in Abu Dhabi, and specifically within ADGM, an increasingly important hub for the global investment management industry,” said Hajir Naghdy, senior managing director and head of Asia and the Middle East at Stonepeak. “This expansion reflects our deep commitment to Abu Dhabi and the broader Middle East, enabling us to work more closely with our partners and offer better access to Stonepeak’s global infrastructure platform.”
Stonepeak currently manages approximately $71.2 b