PRESSR: First Abu Dhabi Bank enhances international private banking products

Adding five new Evergreen investment funds

Dubai, United Arab Emirates: First Abu Dhabi Bank announced the launch of five new investment funds for international private banking clients, in a step aimed at expanding the private banking services provided by First Abu Dhabi Bank, introducing a new category of assets that achieve higher levels of flexibility and liquidity, and facilitating mechanisms for... Access to private markets for the bank's sophisticated investor clients.

First Abu Dhabi Bank has partnered with a number of leading global asset management institutions to provide the bank’s clients with the services of the five new “Evergreen” investment funds, which include Fasanara Capital, Mozinich & Co., BIMCO, Hamilton Lane, and Partners Group.

Evergreen Mutual Funds, also known as Perpetual Mutual Funds, are open-end funds that are not governed by specific expiration dates. The new funds provide diverse investment strategies that enable clients to invest in different asset classes such as private credit, real estate debt, corporate debt, and private equity. First Abu Dhabi Bank has the exclusive distribution rights for a number of new funds for at least the next six months.

Investing in private markets can provide attractive returns, but it may involve a number of challenges, including complexity, the ability to liquidate assets, and easy access to funds. The new funds provide First Abu Dhabi Bank clients with a simplified and effective mechanism to access private bond markets through a single investment mechanism, which enhances the flexibility of investment portfolios.

The new asset class and the special “Evergreen” funds were introduced during the event organized by the International Private Banking Department at First Abu Dhabi Bank, which focused on new investment opportunities and affirmed First Abu Dhabi Bank’s commitment to empowering clients and helping them invest easily with the best financial products and services in the world.

The five new investment funds:

Fasanara Global Diversified Alternative Debt Fund: The Fund offers investors the opportunity to invest in a diversified, global alternative credit portfolio with a significant impact on the real economy, investing in trade receivables and loans that are repaid and processed for small and medium-sized businesses that are unable to access and benefit from traditional financial services.
BIMC O Tactical Opportunities Fund: BIMC O's alternative credit strategy covers public and private credit markets, with the Fund primarily targeting investments in assets in less competitive real estate, corporate and niche credit markets.
Muzinich Lending Fund: The Fund focuses on a revenue-generating private debt strategy focusing on lending services to conservatively capitalized European middle market companies. The Fund seeks to preserve capital, especially during periods of inflation, by owning a diversified portfolio of floating rate instruments.
Hamilton Lane Global Private Equity Fund: The fund provides investors with access to a diversified portfolio of private markets through a single investment strategy.
Partners Group Global Value Fund: The fund invests in a diversified portfolio of assets in private markets, targets asset allocation across direct, primary and secondary investments, and offers a variety of tenors and time periods.

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