Sun Capital Advisory, a private investment firm specializing in advising high-net-worth individuals and families on direct investments, has announced the establishment of its presence in the ADGM in Abu Dhabi.
The firm operates as an outsourced direct investment and asset management arm for its clients, providing advice on the full spectrum of private transactions, ranging from venture capital to private equity.
Among Sun Capital’s publicly disclosed core client’s is Al Shams Investments, an investment vehicle wholly owned by Wafic Said, whom the firm recently supported with local direct investment initiatives.
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“Abu Dhabi is home to one of the most dynamic financial markets in the world. The visionary leadership here has enabled an environment where entrepreneurs, wealth owners, and investors can seamlessly exchange opportunities and ideas. I look forward to fostering long-term partnerships with key stakeholders in Abu Dhabi and providing clients the opportunity to scale their direct investment portfolios within the local ecosystem and internationally,” said Karim Khatoun, founder of Sun Capital as the company made the announcement at the recently concluded ADFW 2024.
“We are delighted to welcome Sun Capital Advisory to ADGM as they expand their footprint in Abu Dhabi,” said Arvind Ramamurthy, chief market development officer at ADGM.
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“Their decision reflects the growing appeal of our robust financial ecosystem and the unique opportunities ADGM offers to private investment firms and high-net-worth clients. We look forward to supporting their efforts in driving impactful investments and fostering meaningful connections within our dynamic marketplace,” he added.
Strong Q3 for ADGM
ADGM recorded a substantial increase of 215 percent in total assets under management (AUM) in Q3 2024 compared to Q3 2023, demonstrating its rapid ascent as a top asset management hub in the MENA region.
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The number of total fund and asset managers also reached 128, managing 156 funds, as of the end of Q3 2024.
In Q3, ADGM saw a 33 percent rise in the number of newly issued business licences compared to the same period last year. Meanwhile, newly issued business licenses surged to 759 in Q3 2024, a growth of 33 percent compared to Q3 2023.
