Alcedo Master Fund launches in Abu Dhabi with global investment mandate

Kingfisher Capital Advisors, operating as Alcedo Group, is launching its flagship Alcedo Master Fund LP (AMFL) in the Abu Dhabi Global Market (ADGM) and domiciling both the Master Fund and its managing vehicles, Alcedo Technology (Abu Dhabi) Ltd and Alcedo Capital Advisors (Abu Dhabi) Ltd, in the capital of the United Arab Emirates (UAE). 

The ADGM will become the centre of the company’s global tech investment model, with all of its specialist funds connected to the Alcedo Master Fund LP in the ADGM. 

The Alcedo Master Fund LP (AMFL) will deploy capital both in the UAE and globally with a focus on new-era technology companies, creating an eco-system of integrated businesses within its investment portfolios. AMFL will also act as a feeder to the Alcedo Technology Fund LP (ATFL) in the United Kingdom, a strategic tech investment fund operated by Alcedo from London.  Going forward, AMFL will be the investment foundation for a globally integrated series of tech investment funds domiciled in ADGM. 

Speaking about the launch, Simon Smith and David Thomas, joint Chairmen of the Alcedo Group and Kingfisher Capital Advisors: says: “We are today creating a financial bridge between London and Abu Dhabi and are delighted to be launching the Alcedo Master Fund and associated companies in Abu Dhabi. We have been working closely with a number of Abu Dhabi government and private groups to secure the financial infrastructure to continue our fund mandate of investing with full diversification across the global business spectrum of new-era technologies, encompassing; fintech, blockchain & DLT, medtech, edutech, digital, disruptive, green technologies.  Abu Dhabi provides us with the perfect base at the impressive financial centre ADGM and long-term partners with complimentary investment parameters.” 

The Alcedo Group also announces the appointment of Miray Zaki as NED-Chair of AMFL, with roles encompassing Non-Executive Chair of both Alcedo Technology (Abu Dhabi) Ltd (ATAL), and Alcedo Capital Advisors (Abu Dhabi) Ltd (ACA).  

Miray Zaki enjoys a prominent status in Abu Dhabi commercial life having spent over ten years with the Abu Dhabi Investment Authority (ADIA), then as Head of Investments & CIO of the Sheikh Zayed bin Sultan al Nahyan Charitable Foundation, responsible for investing and managing billions of State funds. A Fulbright Scholar, Miray has operated in global finance for her entire career with positions in London, Chicago, Egypt and the UAE and was recognised in 2015 and 2016 in Dow Jones Financial News’ Top 100 Women in Finance. 

Speaking about her appointment, Miray Zaki, says: “Our AMFL mandates are clear. We are looking to develop an eco-system of interconnected new-era technology businesses and deploy not only significant capital but crucially, business support to allow tech entrepreneurs to grow their enterprises. Abu Dhabi offers us a supportive regulatory framework and a dynamic future-looking investment infrastructure to create the optimum environment for the Alcedo Group to operate. I am delighted to accept my new position working with the brightest minds in global new-era technology.”  

In support of the launch and domiciliation of AMFL in Abu Dhabi, the Alcedo Group has engaged Apex Group for full-service administration of both AMFL and its management companies. Apex Group recently launched its subsidiary LRI Investment Management Services (ME) Ltd. (“LRI Middle East”) in the ADGM following full regulatory approval by the ADGM Financial Services Regulatory Authority. AMFL will be one of the first full-service clients of the Apex Group’s newly established and FSRA licensed LRI Middle East platform in the ADGM. 

Dr Amin Elkholy PhD, Managing Director at LRI Middle East Ltd (part of Apex Group), says: “Fund groups are continuing to domicile in the UAE as they seek supportive international business jurisdictions and access to key investor markets. The launch and enhancement of Apex’s suite of services in the ADGM is a demonstration of our continuing commitment to providing a locally delivered, single-source solution for our clients. We look forward to adding further value to both new and long-standing local client relationships to enable financial services businesses to have access to global markets through our single source solution.”