US-based credit specialist firm Argentem Creek Partners (Argentem Creek) will establish a new regional hub in Abu Dhabi Global Market (ADGM), in partnership with the Abu Dhabi Investment Office (ADIO).
The alliance is part of ADIO’s $545 million worth Innovation Program that supports innovative companies in high-growth areas, including financial services.
The US company said that its new hub aims to increase access to investment opportunities across the Middle East and North Africa (MENA) and Asia.
Under the agreement, ADIO will provide financial and non-financial incentives to support the establishment of Argentem Creek’s regional hub in Abu Dhabi.
“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 firm’s emerging market and credit expertise to support existing and future opportunities. The partnership will also help to develop local talent and support the continued growth of Abu Dhabi’s financial services infrastructure with emerging markets 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 impactful 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 industry sectors by leveraging its expertise in emerging markets, restructuring and governance best practices.
According to the statement, “In addition to its emerging markets special situations flagship strategy, specific areas of focus for the office include Asia-focused assets, trade finance in energy transition materials, and the firm’s other strategies across the MENA region.”
Furthermore, Argentem Creek will benefit from Abu Dhabi’s access to global markets and talent, and a favorable time zone that overlaps with key international markets.
“Our Abu Dhabi regional office marks an important milestone in the firm’s strategic expansion to support the Middle East, Asia, and Africa with greater proximity to clients, deal flow, and investors in existing and future opportunities,” said Mr. Daniel Chapman, CEO, and CIO of Argentem Creek.