Abu Dhabi Catalyst Partners to raise more capital

 Mubadala-backed fund Abu Dhabi Catalyst Partners is ready to raise more capital after investing close to $1 billion over the last 18 months, its chief executive said. Abu Dhabi Catalyst Partners had previously invested in Blockchain enabled Securrency Securitization platform which was seeking a license in ADGM ( ABu Dhabi Global Market) as well as Telegram. 

 

The fund was set up by Abu Dhabi state fund Mubadala and U.S. alternative asset manager Falcon Edge Capital in 2019 with $1 billion in capital. CEO James Munce told Reuters Catalyst Partners had so far made 21 investments with an average ticket size of $50 million, with some deals investing up to $100 million. "The plan is to go again. I think we have gone faster than expected," Munce said in reference to adding more capital. No decision had been made on when or how much more capital would be committed, he said.

 

"My view on it is this can grow to be another $1 billion and we have $2 billion deployed over the next 18 months from here. That will be a four year-track record of a $2 billion fund and we would start to get some relevance in the region," he said.

 

This could mean more investments in Blockchain startups who are seeking a presence in ADGM and or the region.