• AlphaWave's portfolio includes leading technology and artificial intelligence companies, including SpaceX (AlphaWave's largest investment), Anthropic, OpenAI, Cerebras, and others.
• Judan Financial's investment accelerates the launch of AlphaWave's fully AI-powered life insurance business.

Abu Dhabi, United Arab Emirates : Today, “Judhan Financial”, a subsidiary of International Holding Company (IHC) , announced its first strategic investment with a 50.1% stake in the US investment management company “Alpha Wave Global”.

This deal represents the first strategic acquisition since the launch of "Joudan Financial," further cementing its global presence in asset management and reinforcing the platform's position as one of the leading international institutions in the financial services sector .

AlphaWave Global manages approximately $29 billion in assets across four main areas: private equity, private insurance, public markets, and the insurance sector. The firm's team comprises 116 professionals operating from 11 offices worldwide, and it is headquartered in Miami, Florida .

AlphaWave's private equity platform is known for its extensive investments in leading companies with high growth potential that are driving the AI technology landscape, including SpaceX (AlphaWave's largest investment), Anthropic, OpenAI, Cerebras, RAMP, and Long Lake Management. The firm also focuses on investing in organizations poised to benefit from AI applications and has an active and specialized portfolio in the life sciences sector .

In the field of private insurance, AlphaWave provides direct financing to companies through priority private loans in the United States, Europe and Australia, meeting the financing needs of companies and contributing to stable income flows for investors .

AlphaWave will continue to operate under the leadership of its current management team, headed by co-founder, chairman and CEO Rick Gerson, along with co-founders Navroz Odwadia and Ryan Khoury .

The company also recently announced the appointment of Francis Suarez, the former mayor of Miami, as its president, a move that strengthens its senior leadership team .

With support from Goodan Financial, AlphaWave is poised to accelerate the growth of its newly established US-based sector specializing in AI-driven life insurance and retirement solutions .

This sector aims to launch an end-to-end AI-powered life and retirement solutions provider, fundamentally transforming underwriting, distribution, and customer experience through the comprehensive integration of artificial intelligence. With the US life insurance industry having been a cornerstone of American financial security for over two centuries, the sector is now poised for radical, first-principles innovation, and AlphaWave seeks to redefine the future of the industry through technology and data-driven intelligence .

In this context, AlphaWave appointed Joe Norton, a prominent figure in the insurance sector, as its Chief Executive Officer for Insurance Business. Norton previously served as Chief Operating Officer at EquiTrust , in addition to holding leadership positions at Guggenheim , FBL Financial , and Athene.

His Excellency Mohammed Hassan Al Suwaidi, Vice Chairman, Managing Director and CEO of Joudan Financial, said: “Alpha Wave is a model of the partners we seek to attract to the Joudan Financial platform; it is a prestigious global company focused on performance and supporting the future of the financial sector. With its advanced capabilities in private equity, private credit, public markets and the insurance sector, along with its clear vision to drive AI-led innovation in the financial services sector, Alpha Wave is an ideal strategic partner. Through this collaboration, we will accelerate growth, strengthen institutional partnerships and open new horizons for investors . ”

Rick Gerson, co-founder, chairman, and CEO of AlphaWave Global , said: “ This partnership with Goodan Finance marks a pivotal moment in AlphaWave’s journey, and we look forward to embarking together on a new phase of growth. Thanks to Goodan’s long-term capital base and extensive global investment portfolio, we are well-positioned to expand our investment platforms, strengthen our global presence, and continue supporting the world’s most innovative companies, thereby delivering sustainable returns for our investors within a disciplined approach to risk management . Our core vision, stemming from our conviction that artificial intelligence represents the most profound transformation of our time, aligns directly with Goodan’s focus and expertise as a global holding company.”

For his part, Francis Suarez, President of AlphaWave Global, said : “ This partnership brings together global capital with technology-driven innovation and a long-term vision. As AlphaWave expands its presence and launches its AI-powered insurance platform, the support of Goodan Financial enhances our ability to deliver superior investment solutions to investors and clients in the United States and other countries .”

This investment represents a strategic step in Joudan Financial's journey to build a large-scale, diversified, AI-powered global financial services platform. By combining AlphaWave's advanced global investment expertise with Joudan's established capital base and portfolio of strategic equity stakes in several financial institutions, the partnership strengthens the company's aspirations to shape the future of asset management globally, while providing high-quality investment opportunities for international investors .

About "Joudan Finance"

Established in 2026, Joudan Financial is a diversified global investment company in the financial services sector, headquartered in Abu Dhabi and a subsidiary of International Holding Company. Joudan Financial brings together strategic equity stakes in banking, insurance and reinsurance, wealth and asset management, capital markets, non-bank financial institutions, and fintech, within a unified platform designed to enhance expansion capabilities, solidify governance standards, and implement a disciplined approach to capital allocation .

With the completion of the planned asset transfers, Joudan Financial is expected to oversee more than 20 companies in the financial services sector across more than 13 countries, collectively serving more than 11 million customers and managing assets exceeding AED 870 billion (US$235 billion) .

Joudan Financial is based on a disciplined approach to capital allocation, meticulous risk management, and AI-powered integration across its investment portfolio. The platform enhances capital utilization efficiency and supports scalable growth across developed and emerging markets, enabling institutional investors to access a diversified financial services ecosystem designed to deliver sustainable long-term value .

About Alpha Wave Global

AlphaWave is a global investment firm focused on three main areas: private equity, private credit, and public markets. The firm is led by Rick Gerson, Navroz Odwadia, and Ryan Khoury . AlphaWave has offices in numerous cities worldwide. Its flagship global venture capital and growth fund, AlphaWave Ventures, targets high-performing venture capital and growth-stage companies, aiming to establish itself as a long-term partner supporting founders and management teams .

For more information, please visit : www.alphawaveglobal.com

About Global Holding Company

Founded in 1999 , International Holding Company (IHC) has built a prestigious reputation, becoming the most valuable holding company in the Middle East and one of the world's largest investment companies, with a value of AED 876 billion (approximately US$239 billion). Since its inception, the company has undergone significant strategic transformations, representing a new generation of investors. IHC is firmly committed to sustainability, innovation, and supporting economic diversification through its extensive portfolio of over 1,300 subsidiaries, all of which contribute to development across four key sectors: technology, infrastructure, financial services, and consumer goods.

The global holding company’s approach focuses on the continuous search for opportunities through the integration of its asset portfolio, overcoming obstacles and moving away from traditional methods and approaches, enabling it to build a vital network of relationships and partnerships to enhance value, record better results and achieve broad-based growth across various sectors.

The International Holding Company is committed to fulfilling its responsibilities towards shareholders, customers and employees, and is keen to invest with a high sense of responsibility to ensure sustainable value is achieved through continuous engagement with the communities in which it operates, and to make a positive impact with every investment.

www.ihcuae.com

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