Stonepeak Launches New Office in Abu Dhabi Global Market
Stonepeak, a well-known alternative investment firm with a strong focus on infrastructure and real assets, has officially opened a new office in the Abu Dhabi Global Market (ADGM). This move comes on the heels of the firm obtaining the Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) of ADGM. With this new office, Stonepeak intends to enhance its investment strategies and better assist its partners while tapping into the thriving investment landscape of the UAE.
Dedication to the Middle East
Hajir Naghdy, the Senior Managing Director and Head of Asia and the Middle East at Stonepeak, expressed excitement about establishing a presence in Abu Dhabi. He noted, "Our presence signifies a deeper commitment to the Middle East, particularly ADGM, which is recognized as a vital hub for global investment management. This expansion allows us to be closer to our partners, enhancing access to our extensive infrastructure platform and fostering more rewarding investments."
Investment Opportunities and Local Ecosystem
Arvind Ramamurthy, Chief of Market Development at ADGM, said, "Stonepeak's entry into Abu Dhabi enriches our robust ecosystem of alternative investment entities. Abu Dhabi is a leading international financial center, and its strong regulations for asset management provide an excellent environment for Stonepeak's growth. We look forward to the unique value they will bring to their partners and investors in the region and beyond."
Stonepeak's Global Presence
The opening of the new office further extends Stonepeak's global footprint, which already includes over 250 employees across key cities like New York, Houston, London, Hong Kong, Seoul, Singapore, Sydney, and Tokyo. As a prominent player in the alternative investment space, Stonepeak manages around $71.2 billion in assets for a diverse group of partners.
Investment Approach at Stonepeak
Stonepeak is committed to defensive, hard-asset businesses, focusing on creating value through strategic investments that emphasize downside protection and strong risk-adjusted returns. The firm provides capital and operational support, concentrating on key sectors such as communications, energy and energy transition, transportation and logistics, and real estate. With its headquarters in New York and a presence in various global markets, Stonepeak solidifies its role as a leader in the investment landscape.
Frequently Asked Questions
What does Stonepeak specialize in?
Stonepeak specializes in alternative investments, particularly infrastructure and real assets.
Where is Stonepeak's new office located?
The new office is situated in the Abu Dhabi Global Market.
Why is ADGM significant for Stonepeak?
ADGM acts as an important hub for global investment management, facilitating Stonepeak's access to regional investment prospects.
How many employees does Stonepeak have worldwide?
Stonepeak has a workforce of over 250 employees across various cities, including New York, Hong Kong, and Sydney.
What is the total value of assets managed by Stonepeak?
Stonepeak manages roughly $71.2 billion in assets for its partners.
