42XFund

42XFund is a technology-focused venture capital and private equity investment fund based in Abu Dhabi, United Arab Emirates, that targets late-stage growth companies in artificial intelligence and cloud computing. The firm operates with a $10 billion target fund size, backed by institutional and sovereign capital to finance global technology infrastructure. The investment vehicle was launched in partnership with the Abu Dhabi Growth Fund and global private equity firm Silver Lake. The fund's portfolio includes a $100 million-plus stake acquired in TikTok parent company ByteDance, as well as investments in emerging market enterprises like aquaculture technology startup eFishery. Operating globally with an additional office in Shanghai, the firm focuses on expanding AI infrastructure and biotechnology across regions including China and Southeast Asia. 42XFund was founded in 2022 by its parent company G42, an artificial intelligence development firm led by CEO Peng Xiao.