Jassim Alseddiqi - VC, Private Equity and Real Estate

Abu Dhabi Capital Management, an Abu-Dhabi based investment firm, announces the intention to launch Qannas Investments on AIM and to raise up to $50 million.

The company said Qannas will seek to generate a target IRR of at least 20 per cent and its investments will be held for 3-5 years. ADCM currently manages more than $100 million in assets for institutional and high net worth investors. Back in July 2011 we reported the first closing of ADCM fund raising.

Abu Dhabi Capital Management is listed in the Middle East Investors Directory with the code SINX2

More details follows

Abu Dhabi Capital Management has announced the final closing of its first fund, the ADCM Secondary Private Equity Fund, at $45 million.

The Fund is the first secondary private equity fund that mainly focuses on investing in secondary private equity funds in the MENA region. The firm is headed by Jassim Alseddiqi. They have already completed two transactions in the Middle East and North Africa region and one in the US.

To see more investment firms like Abu Dhabi Capital Management check our Middle East Investors Directory