New Mountain opens Abu Dhabi office under former Blackstone executive hameed. October 13, 2026 New Mountain Capital has established a regulated office in Abu Dhabi, appointing former Blackstone managing director She If you would like to access this article you must become a Premium Subscriber. Premium subscribers receive complete access to its daily breaking news, premium stories, weekly Fundraising & IR Review, Knowledge Bank and LP profiles - all which are accessible via its mobile platform.

Capital Group secures ADGM licence to expand Middle East operations. US-based firm, which manages $3.6 trillion in assets, adds to rising number of global investment firms in Abu Dhabi. October 07, 2026 Capital Group, which manages $3.6 trillion in assets, has secured a licence from the Financial Services Regulatory Authority of Abu Dhabi's ADGM to operate as a regulated investment manager and expand operations across the region. The development comes after the company announced plans to set up its first Middle East office in Abu Dhabi in May, with Capital Group relocating associates from North America, Europe and Asia to support clients in the region. The company will now be able to conduct trading, investment management and distribution activities within Abu Dhabi's financial centre, it said in a statement on Wednesday. "Establishing a regulated presence in Abu Dhabi brings us closer to our clients and to the investment opportunities across the Middle East, a region where we have been active for many years," said Benno Klingenberg-Timm, head of Abu Dhabi office and head of institutional for Europe and Asia at Capital Group. "From day one, we will have a meaningful presence, with on-the-ground investment, operational and client-facing capabilities," he added. The move reflects "our confidence in the region's long-term growth", Mr Klingenberg-Timm said. Capital Group's expansion adds to the growing number of global investment firms setting up in Abu Dhabi. ADGM, the largest international financial centre in the Middle East and Africa by number of active licences, has continued to attract global institutions, despite the Iran war. New Mountain Capital, an alternative investment firm based in New York, said on Tuesday it was opening an office in ADGM to strengthen its presence in the Middle East. Founded in 1999, New Mountain has about $60 billion in assets under management across its private equity, credit and net lease investment strategies. "We have been privileged to work with many leading investors in the region for years and establishing a local presence will allow us to deepen those relationships while building new partnerships over time," said Adam Weinstein, president and chief operating officer. Last week, Eurazeo, a European asset manager with €40 billion ($45.2 billion) in assets under management, opened an office in ADGM. Global private markets firm Pantheon last week opened its first Abu Dhabi office in ADGM to expand its presence in the Middle East and tap growing demand from investors across the Gulf. A base in Abu Dhabi provides global investors and money managers with opportunities to expand regional operations and work closely with some of the world's biggest sovereign wealth funds, as well as large family offices and institutional partners. Other high-profile companies that the UAE capital has attracted in recent months include private credit lender Blue Owl Capital, tech-focused US company Vista Equity Partners, the world's largest listed hedge fund Man Group, Barings, Bain Capital, Cantor and Swiss derivative investment company Adapt Investment Managers. Collectively, asset managers that established operations in ADGM in the first half of the year oversee more than $2.1 trillion in global assets under management. Capital Group's "decision reflects the strength of Abu Dhabi's financial ecosystem and ADGM's growing position as a leading international financial centre for global institutions seeking long-term opportunities across the region", said Ahmed Al Zaabi, chairman of ADGM. Updated: October 06, 2026, 10:52 PM

New Mountain Capital Opens Abu Dhabi Office in ADGM, Strengthening Long-Term Commitment to the Region TMCnet News [October 06, 2026] | / | New Mountain Capital Opens Abu Dhabi Office in ADGM, Strengthening Long-Term Commitment to the Region New Mountain Capital, LLC (the "Firm" or "New Mountain"), a leading growth-oriented alternative investment firm headquartered in New York, today announced the establishment of New Mountain Capital Middle East Limited in the ADGM, the international financial center of Abu Dhabi, having received regulatory approval from the Financial Services Regulatory Authority (FSRA) to conduct regulated activities. The opening of the office reflects the firm's continued commitment to deepening client relationships and growing its investor base in the GCC region. The Abu Dhabi office will be led by Shehreyar Hameed, who recently joined New Mountain as a Managing Director after decades of alternative investment experience and coverage of the region. Shehreyar was most recently with Blackstone and had prior roles with both J.P. Morgan Asset Management and Goldman Sachs, all with a focus on Gulf regional coverage. He shares responsibility for the Gulf regional investor coverage with Patrick O'Dolan, Managing Director, who is based in New Mountain's London office. Adam Weinstein, President & Chief Operating Officer of New Mountain, commented, "Opening our office in the ADGM marks an important milestone for New Mountain and reflects our long-term commitment to the Gulf region. We have been privileged to work with many leading investors in the region for years, and establishing a local presence will allow us to deepen those relationships while building new partnerships over time." He added, "We believe our long-standing focus on defensive growth industries-businesses that combine a cyclical resilience with sustainable long-term growth-aligns well with the long-term objectives of investors both n the Gulf and around the world." David Coquillette, New Mountain's New York-based Head of Business Development, and Patrick O'Dolan commented, "We began building institutional relationships in the Gulf region more than 20 years ago, and today we work with dozens of partners across the region." They added, "This new office enables us to strengthen those connections and enhance our long-term presence with our clients based in the Gulf." Shehreyar Hameed shared, "I am excited to join New Mountain Capital and honored to be appointed Senior Executive Officer of New Mountain Capital Middle East Limited." He added, "New Mountain's track record of producing industry-leading returns in 'defensive growth' businesses positions us well for continued success in the Middle East. I am looking forward to partnering with Patrick to take our business to the next level." Arvind Ramamurthy, Chief Market Development Officer, ADGM, said, "New Mountain Capital's decision to establish its regional presence in ADGM reinforces Abu Dhabi's growing role as a global capital hub connecting international investment firms with long-term opportunities across the region and beyond. We are pleased to welcome New Mountain Capital to our vibrant ecosystem and look forward to supporting its continued engagement with regional investors through our internationally recognized regulatory framework, progressive ecosystem and strategic location." Founded in 1999, New Mountain has approximately $60 billion in assets under management across its private equity, credit and net lease investment strategies. Since inception, the firm has focused on building great businesses across a range of carefully selected, non-cyclical sectors and has delivered a consistent track record of strong performance. While establishing a presence in Abu Dhabi to facilitate client relationships, New Mountain's investment activity will remain focused on defensive-growth middle-market companies based in North America. About New Mountain Capital New Mountain Capital is a New York-based investment firm that emphasizes business building and growth, rather than excessive risk, as it pursues long-term capital appreciation. The firm currently manages private equity, strategic equity, credit, and net lease real estate funds with nearly $60 billion in assets under management. New Mountain seeks out what it believes to be the highest quality growth leaders in carefully selected industry sectors and then works intensively with management to build the value of these companies. For more information, visit: www.newmountaincapital.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20261006120107/en/ [ Back To TMCnet.com's Homepage] |