First published: 27-Aug-2024 10:17:17

Dubai, UAE: Hudler Investments, an investment firm with portfolio companies in energy, artificial intelligence, and digital asset mining such as PermianChain , Brox Equity , and others, has announced its plan to create a digital energy infrastructure fund. ( DEI Fund ) worth $500 million as a closed-end, tax-exempt fund, after obtaining regulatory approvals. The Digital Energy Infrastructure Fund has already secured initial commitments from major investors and in-kind contributions, in addition to a number of supply partners seeking energy Supported communication methods to leverage artificial intelligence and digital asset mining.

The Digital Energy Infrastructure Fund ( DEI Fund ) is expected to provide investors and professional clients with the opportunity to invest in income-generating assets such as public services and distributed computing infrastructure that rely on innovative approaches to carbon capture, storage and utilization. The fund’s investment scope covers the entire energy value chain. Digital including sectors such as clean energy, electricity generation (independent electricity producers), data mining (such as application-specific integrated circuits ( ASICs ), graphics processing units ( GPUs ) etc.) for decentralized physical infrastructure ( DePIN ) of blockchain Artificial intelligence, cloud computing and other computing cluster applications with a focus on achieving zero emissions in the majority of the Fund’s portfolio operations.

In addition, the DEI Fund will make equity investments in technology startups that operate platforms and software that add value to the fund’s portfolio. The fund will seek to acquire emerging software companies that are considered to be in their early to growth stages, especially those that Active in digital infrastructure and software applications that support the development and growth of FinTech , decentralized finance, Web 3, blockchain and artificial intelligence.

Hodler has appointed Ento Capital Management Ltd , a leading DIFC-based asset manager regulated by the Dubai Financial Services Authority (DFSA) with a Shari’a-compliant window, to advise on Regarding this fund, its structure, establishment and management.

“The DEI Fund is a testament to our commitment to our mission to develop critical energy infrastructure to advance the global digital economy,” said Mohamed El Masry, Managing Director of Hudler Investments. “We are proud to be launching from the UAE.” The United Arab Emirates, based on the country’s strategy to develop the digital economy, taking into account sustainability, which is essential to our work. We are also committed to contributing to ensuring energy security and reducing energy poverty.”

According to studies, global spending on new data center construction is expected to exceed $49 billion by 2030 (source: McKinsey & Company). With a financing gap of more than $1 trillion in renewable energy, now is the time to establish The foundation needed to build the computing infrastructure required for a vibrant digital economy.

Ahmed Ibrahim, Managing Director of Hudler Investments, said: “We are confident that our initiative will help all stakeholders and communities to benefit from natural resources and harness them for their benefit. The Digital Energy Infrastructure Fund ( DEI Fund ) is also implementing a set of “From the current deals and projects studied by our qualified team of specialists, backed by nearly a decade of experience in this field, in addition to long-term relationships and partnerships with a selection of leading institutions across the Middle East, Asia and North America.”

The Digital Energy Infrastructure Fund ( DEI Fund ) aims to leverage technologies such as blockchain, artificial intelligence, digital asset mining and other solutions alongside energy resources to enhance the viability of sustainable energy infrastructure to meet growing demands for computing power while contributing to grid stability. Electricity for access to more equitable energy systems worldwide.

It is worth noting that the utility sector has witnessed a huge growth in energy demand from modern computing applications, as electricity consumption in data centers reached about 240-340 terawatt hours (source: US Energy Information Administration).

“Our decision to be part of the Digital Energy Infrastructure Fund stems from our belief that future digital economies cannot grow without a sustainable, globally distributed energy infrastructure,” said Alaa Al Ali, CEO of Jiwan Holding. “We are confident that the stakeholders who We are dealing with it and working through our collective efforts to build a sovereign infrastructure for digital energy, and we see the fund as an effective means to support the digital economy strategy in the UAE.”

The Digital Energy Infrastructure Fund is currently expected to be between $250 million and $500 million, including in-kind commitments not exceeding the total capital commitments.

The Fund’s capital commitments will focus on providing limited partners with opportunities to secure exclusive energy commitments with commitments to deals from a portfolio of companies with high growth potential and proven business models. Hudler has secured over $300 million in exclusive deals in the Middle East. North America, Australia, Asia and Africa.

Amer Al Ash, Chief Development Officer at Jiwan Holding, added: “We are pleased to partner with the Hodler team to create a structure that complies with the requirements of the country’s regulatory authorities. Given the recent developments in digital asset regulations in the UAE, and specifically “With the recent significant steps taken by the UAE’s financial jurisdictions to enact favorable laws for digital assets and AI sectors, we are seeing an improvement in investor sentiment towards this type of asset class.”

About Hodler Investments

HODLER INVESTMENTS FZCO , registered in the Free Zone, is an investment company based in Dubai Silicon Oasis. HODLER takes a long-term view of digital asset infrastructure. HODLER’s approach is to achieve financial efficiency within its investment activities by designing the architecture for solutions Alternative investment that creates and drives digital wealth with a focus on digital assets, digital energy, data mining, and Web3. With the Managing Partner’s extensive experience in the financial services and renewable energy sectors and his valuable relationships with independent power producers and blockchain data center operators, Chen International provides the seed capital to establish the Fund and leads the efforts to source, obtain and analyze deals for the Fund, to provide informed recommendations to the Fund Manager regarding the Fund’s investment scope.

About Into Capital

  Ento Capital Management Ltd is an expert in both traditional and non-traditional investment banking, with a highly resourced leadership team with a collective 75+ years of investment banking experience. This The leadership team is one of the most passionate financial professionals in the GCC investment banking and asset management space. The team members have been working together for over 12 years, successfully launching several investment funds including real estate funds, equity funds and Murabaha funds, with assets of With a combined AUM of over USD 2.6 billion. Prior to founding Into Capital, the management team had worked on structuring, restructuring, establishing and exiting several financial companies in the region. The Into Capital team has extensive experience in creating products that are compliant with Islamic Sharia and its administration. Ento Capital’s products and activities are subject to the supervision of a Shariah Supervisory Board headed by one of the most prominent Shariah scholars in the Arabian Gulf region. To learn more, please visit the website at www.entocapital.com . Ento Capital is an investment banking firm licensed by the Dubai Financial Services Authority. For financial services with a category 3C license.

https://www.entocapital.com/81-2/

About "Jewan Holding"

Gewan Holding is an Abu Dhabi-based investment group committed to driving growth to support transformation and innovation across sectors. It is active in travel and tourism, investments, hospitality, communications and media, real estate, engineering, entertainment and trading. , facilities management, project management, aviation, and digital transformation in the fields of artificial intelligence.

https://gewan-holding.com/

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