Temasek's Seviora, First Abu Dhabi Bank to Form Partnership for Investments
By Megan Cheah
SINGAPORE--Temasek's Seviora and First Abu Dhabi Bank plan to establish a strategic partnership to seek investment opportunities.
The two organizations signed a memorandum of understanding to explore potential deals, including coinvestments, and support knowledge sharing, Seviora and First Abu Dhabi Bank said Monday.
The Abu Dhabi-based lender, which has total assets of around $384 billion, will explore ways to distribute investment strategies managed by Seviora and its affiliates through its wealth-management platform.
The partnership strengthens Seviora's connectivity across the Middle East, said Wolfgang Klemm, the company's head of strategy and development.
Seviora, the main asset-management platform of Singapore state-investment firm Temasek with $76 billion in assets under management, opened its Abu Dhabi office last year.
Structural overhauls, strategic partnerships and the influence of sovereign wealth funds are boosting the Middle East's status as a growth region for private capital, according to an Aladdin by BlackRock report.
Middle East sovereign wealth funds tracked by Preqin allocated 43% of their exposure to private capital, compared with 35% for most of their peers, the report said, noting that this gap could represent a "meaningful difference in dollar terms."
Write to Megan Cheah at megan.cheah@wsj.com
(END) Dow Jones Newswires
September 28, 2026 03:35 ET (07:35 GMT)
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