US-based Hillhouse Investment Management has opened a new office in ADGM after securing a Category 3C license from the Financial Services Regulatory Authority (FSRA).
The firm said the move reflects its intention to expand its presence in the UAE and the wider Gulf region, supporting investment activity and partnerships with regional clients.
Hillhouse has previously invested in several UAE-based businesses, including Virtuzone and Clara through its business services platform Ascentium, as well as Hartland International School and North London Collegiate School via its real assets arm, Rava Partners.
The new Abu Dhabi office will support deal sourcing and execution, as well as engage with local stakeholders.
Ahmed Jasim Al Zaabi, Chairman of ADGM, said:
“We are pleased to welcome Hillhouse to ADGM. As one of the world’s largest private alternative asset managers, their decision to establish a regional presence in ADGM reflects Abu Dhabi’s stature as one of the top global financial centres and reinforces its position as a stable and trusted destination for global businesses.”
Adam Hornung, Co-Chief Operating Officer at Hillhouse, said:
“We have strong confidence in Abu Dhabi as one of the world’s most important financial and investment hubs, and we are excited to welcome new local colleagues and advisors in the region who will support our platform to expand regionally across the UAE and the wider GCC.”
Featured image credit: Edited by Fintech News UAE, based on image by Tanu via Freepik
