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Key people at Abu Dhabi Growth Fund.
The Abu Dhabi Growth Fund (ADG) is a sovereign investment fund that deploys capital into growth-oriented opportunities. It focuses on generating high financial returns through strategic allocations across private equity, venture capital, hedge funds, and public equities, employing a differentiated investment approach.
The fund was established in July 2021 by the Abu Dhabi Developmental Holding Company PJSC (ADQ). This strategic initiative was conceived to complement ADQ’s broader vision of enhancing Abu Dhabi's economic landscape and fostering long-term value creation.
ADG primarily serves the government of Abu Dhabi as its sole shareholder, aiming to maximize financial returns. The fund's overarching vision is to drive the emirate's economic transformation and secure sustainable prosperity by actively investing in global and local growth sectors.
Key people at Abu Dhabi Growth Fund.
Abu Dhabi Growth Fund has 5 tracked investments across 5 companies. The latest tracked deal is $270.0M Series A in Orbital Therapeutics in April 2023.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Apr 1, 2023 | Orbital Therapeutics | $270.0M Series A | ARCH Venture Partners | Andreessen Horowitz, Nextech Invest, Section 32, Versant Ventures, A16z BIO + Health, Agent Capital, Alexandria Venture Investments, Casdin Capital, Exor, Heritage Medical Systems, IGlobe Partners, Invus, Newpath Partners, Redmile Group, Rellim Capital Management |
| Oct 1, 2022 | Neumora Therapeutics | $110.0M Series B | — | B Capital Group, Mubadala, Rajan Anandan, Krishna Mehra, Altitude Life Science Ventures, Amgen Ventures, ARCH Venture Partners, Exor Ventures, F Prime Capital, Invus, Alaa Halawa, Newpath Partners, Polaris Partners |
| Jan 1, 2022 | Savage X Fenty | $130.0M Series C | Neuberger Berman | H/L Ventures, Marcy Venture Partners, L Catterton, Multiply Group |
| Nov 10, 2021 | Cerebras Systems | $250.0M Series F | ABU Dhabi Growth Fund, Rick Gerson | — |
| Nov 5, 2021 | Lime | $523.0M Debt / Other Equity | ABU Dhabi Growth Fund, Fidelity Management & Research Company, Highbridge Capital Management, Dara Khosrowshahi | UBS |
