The Abu Dhabi Investment Authority (ADIA) has chosen Montreal-based Innocap for its platform and plans to become a 10% shareholder in the coming years.
“Mohammed Sghayer Khalaf Al Qubaisi, Deputy Director of Alternative Investments Department at ADIA, will join the Innocap Board of Directors. The ADIA subsidiary joins Innocap’s list of established shareholders, which includes the management team, Caisse de dépôt et placement du Québec (CDPQ), BNY, Walter Global Asset Management and BNP Paribas”, we underline in a press release.
François Rivard, CEO of Innocap, welcomed being chosen by ADIA.
“ADIA is one of the world’s largest institutional investors, and we are proud to have been selected to provide dedicated managed account platform services,” he said.
Innocap has 440 employees in seven offices in five countries around the world.
Its global platform holds US$83 billion, across 340 funds.
Table provided by Innocap
