Alpha Dhabi Commits $1 Billion to Alpha Wave 3 Fund
Abu Dhabi-based Alpha Dhabi Holding announced on Monday that it had signed an agreement committing $1 billion to Alpha Wave 3, a global investment fund.
The investment commitment is equivalent to AED 3.67 billion. Alpha Dhabi is an investment holding company listed on the Abu Dhabi Securities Exchange.
Alpha Wave 3 is managed by Alpha Wave Global. The agreement commits Alpha Dhabi’s capital to the fund rather than representing a direct investment in its management company.
The announcement did not specify a timetable for deploying the committed capital or identify the sectors and markets the fund would target.
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