Davidson Kempner Capital Management has opened an office in Abu Dhabi, having been an “active investor” in the Middle East for more than a decade.
The firm said its Abu Dhabi office opening demonstrates its confidence in the region.
The new office, located in the Abu Dhabi Global Market, the city’s international financial centre, will be overseen by Chris Krishanthan, partner and co-head of global credit, and Naveen Sabharwal, managing director, European corporates.
Both Krishanthan and Sabharwal have been significantly involved in Davidson Kempner’s investment activity in the region.
It is the firm’s eighth office opening, with a global presence that spans New York, Philadelphia, London, Dublin, Hong Kong, Shenzhen and Mumbai.
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“Expanding our presence into the Middle East allows us to harness over 40 years of global investment expertise to target what we view as a highly diverse and exciting investment opportunity,” said Krishanthan.
“It is a complement to our investment activities outside of the US. This development marks a natural extension of our presence in the region, deepening our reach and the accessibility of our capital to different local businesses.”
Davidson Kempner is focused on fundamental investing with a multi-strategy approach and has more than $37bn (£27.9bn) in assets under management.
“Since our inception, we have been committed to building deep local networks in the markets where we invest,” added Tony Yoseloff, managing partner and chief investment officer at Davidson Kempner.
“Focused on generating long-term value for our investors, we look forward to continuing to establish local relationships in a highly dynamic and growing market within the Gulf Cooperation Council.”
Private markets firms have been setting up Abu Dhabi offices recently to tap into opportunities in the Gulf.
Monroe Capital also announced the launch of its office in the city today, following Adams Street and Partners Group who have both established a physical presence in Abu Dhabi.
