ADFG wins for Outstanding Performance & Innovation at MENA Fund Manager Performance Awards 2015
Dubai, UAE; February 1, 2015: Abu Dhabi Financial Group (ADFG), the Abu Dhabi-based multi-billion dollar alternative investment firm primarily focused on financial services and real estate, was recognised at the esteemed MENA Fund Manager Awards 2015 winning the Outstanding Performance & Innovation award. Led by ADFGs Chief Executive Officer, Jassim Alseddiqi, the team collected the award at a ceremony held at the Ritz Carlton DIFC, Dubai, and attended by leading figures from the Middle Easts financial community.
The MENA Fund Manager Performance Awards are presented to firms based on overall fund performance, along with a wide range of qualitative and structural benchmarks. The honours are decided by a judging panel representing a cross-section of the industrys leading institutional and private investors, as well as industry experts.
Commenting on the award, Jassim Alseddiqi, Chief Executive Officer of Abu Dhabi Financial Group, said: We are delighted to receive this honour which is a testament to the progress and success ADFG has attained in 2014. The last 12 months has been a truly exciting time for everyone involved at ADFG and it is the innovation, dedication and effectiveness of the team that has led to the winning of this illustrious recognition. It is also through their efforts that ADFG is able to deliver consistent value to our loyal investors.
Since ADFG was founded in 2011 it has grown exponentially with 22 investments completed and an internal rate of return of 26 percent. In the coming year, ADFG plans to build upon this exceptional performance and there are already a number of exciting projects in the pipeline as we continue to evolve and develop our offering. ADFGs ability to adapt to different economic circumstances, and consistently sourcing quality opportunities with considerable investment potential, has led to our stellar reputation as a leading investment firm within the MENA region and around the globe.
ADFG has enjoyed remarkable success over the last four years. The firm has over USD2.5bn in assets under management with projects on 3 different continents, and more than 50 dedicated employees working out of four international offices. The firm is active and successful in different sectors including financial services, real estate, hospitality and alternative financing.
Today ADFG possesses residential and hospitality assets across the UK, Eastern Europe and the UAE with USD4bn worth of projects in development. In Central London, ADFG has established itself as the largest developer of property with a pipeline of over USD3bn of projects, including 1 Palace Street and, in one of the worlds most significant property deals of 2014, Ten Broadway, currently New Scotland Yard, the home of Londons Metropolitan Police.
Meanwhile, Abu Dhabi Capital Management (ADCM), a subsidiary of ADFG and the investment manager for a number of vehicles including the secondaries fund ADCM-SPEF, LSE-AIM listed close-ended private equity fund Qannas Investments Limited and Northacre Plc, achieved an internal rate of return (IRR) of 26% across all platforms since inception.
The sixth annual MENA Fund Manager Performance Awards recognise the regions leaders in fund management and the revered Performance Awards is the single largest gathering of fund managers in the industrys calendar. In 2014, ADCM won the Private Equity Fund of the Year award for its Secondary Private Equity Fund (ADCM-SPEF).
