NEWS
First Abu Dhabi Bank Launches Fasanara’s Alternative Debt Fund for Private Clients
21 November 2023
[Abu Dhabi, November 21, 2023] — Fasanara is thrilled to share that First Abu Dhabi Bank (FAB), one of the largest banks in the MENA region with $300B+ in total assets, has announced the launch of a select vetted curation of private markets-focused investment strategies, including Fasanara’s Global Diversified Alternative Debt Fund (“GDADF”).
Fasanara’s GDADF, the flagship Receivables and SME Loans investment vehicle, will be made available for purchase by FAB’s Global Private Banking clients.
This expansion of FAB’s private banking product offering into private debt introduces a new asset class, whilst offering enhanced flexibility and higher liquidity, simplifying access for its professional customers.
About Fasanara
Founded in 2011, Fasanara is a global asset manager and technology platform. We manage c. USD 4 billion in Fintech strategies on behalf of pension funds and insurance companies in Europe and North America. With over 200 employees across five offices, we are a pioneer investor in Fintech Lending through our liquid Alternative Credit funds, enabling Real Economy Impact.
About First Abu Dhabi Bank (FAB)
Headquartered in Abu Dhabi with a strategic global footprint across 20 markets, FAB is the finance and trade gateway to the Middle East and North Africa region (MENA). With total assets of AED 1.2 trillion (USD 323 billion) as of September-end 2023, FAB is among the top 50 banks globally by market capitalisation and one of the world’s largest banking groups.