New ADGM vehicle opens regional investor access to global energy assets

The Private Department of Sheikh Mohammed bin Khalid Al Nahyan and its affiliate KSH Investments launched a $1.2 billion liquefied natural gas (LNG) fund in Abu Dhabi on Tuesday, 27 October. The Pvt Dpt – LNG Fund (CEIC) IC is established within the Abu Dhabi Global Market (ADGM) to target energy and infrastructure assets across the UAE and regional markets. Strategic partnerships and fund management The fund originates from a strategic agreement with MidOcean Energy and EIG, focusing on capital formation and investment origination. Reem Partners Limited, an ADGM-incorporated firm regulated by the Financial Services Regulatory Authority (FSRA), will serve as the Fund Manager. KSH Investments will act as the Strategic Consultant. The initial closing target of $1.2 billion marks a significant move into the global LNG platform. The fund allows regional investors to access international infrastructure and energy assets through MidOcean’s existing energy framework. Dr. Ahmed Mansour, CEO of Global Investment and Asset Management at the Private Department, stated that the partnership with EIG establishes a foundation for future infrastructure opportunities in the region. ADGM expansion and energy infrastructure The launch is part of a broader initiative by the Private Department to introduce specialized investment vehicles within the ADGM jurisdiction. Reem Partners Limited is authorized by the FSRA to manage collective investment funds and arrange investment deals, providing a…