ABU DHABI – Argentem Creek Partners (Argentem Creek), in partnership with the Abu Dhabi Investment Office (ADIO), will establish a new regional hub at Abu Dhabi Global Market (ADGM), the region’s leading international financial hub.
The partnership is part of ADIO’s AED2 billion ($545 million) innovation program that supports innovative companies in high-growth areas, including financial services. The new Argentem Creek hub aims to increase access to investment opportunities in the Middle East and North Africa (MENA) and Asia.
The US-based company is an emerging markets credit firm investing in special situations, private credit, high yield and trade finance. As part of the agreement, ADIO will provide financial and non-financial incentives to support the establishment of the Argentem Creek regional hub in Abu Dhabi.
Abdulla Abdul Aziz Al Shamsi, ADIO’s Acting Managing Director, said: “Abu Dhabi’s banking, insurance and asset management sectors are driving the region’s tremendous growth. . ADIO’s partnership with Argentem Creek will benefit a range of sectors in the region, including manufacturing, logistics, trade finance and food security, by providing access to the company’s market expertise and credit markets to support existing and future opportunities. The partnership will also help develop local talent and support the continued growth of Abu Dhabi’s financial services infrastructure through emerging market knowledge and deal flow. . The partnership through ADIO’s innovation program illustrates our continued commitment to accelerating innovation in high-growth areas that will create meaningful progress in the UAE and the wider region.
Argentem Creek will seek to cultivate local and regional partnerships to expand the region’s access to investment opportunities across all industry sectors by leveraging its expertise in emerging markets, restructuring and governance best practices.
In addition to its flagship Emerging Markets Special Situations strategy, the office focuses specifically on Asia-focused assets, energy transition materials trade finance and the firm’s other strategies in the MENA region.
Daniel Chapman, CEO and CIO of Argentem Creek, said, “I am delighted with our partnership with ADIO and grateful for their commitment, support and guidance which has been integral in accelerating our expansion into the region. Our regional office in Abu Dhabi marks an important milestone. in the strategic expansion of the business to support the Middle East, Asia and Africa with greater proximity to customers, deal flow and investors in existing and future opportunities.Strong government support has made Abu Dhabi a rapidly developing, inclusive financial hub that fosters innovation. Abu Dhabi offers the infrastructure, business opportunities and highly skilled local talent that will enhance our existing global relationships and investment expertise. growth.”
Argentem Creek will benefit from Abu Dhabi’s access to global markets and talent, as well as a favorable time zone that straddles major international markets.
Additionally, ADGM’s robust framework for asset management companies and funds fosters a business-friendly environment for industry practitioners while maintaining appropriate levels of investor protection.
Being established in the international financial center of Abu Dhabi, Argentem Creek will benefit from the local footprint and have access to some of the largest sovereign wealth funds in the world.