Argentem Creek Partners, an emerging markets specialist investment firm, has been granted an In-Principle Approval for a Financial Services Permission by the Financial Services Regulatory Authority of the Abu Dhabi Global Market.
Argentem Creek Partners (Argentem), an emerging markets specialist investment firm, has been granted an In-Principle Approval (IPA) for a Financial Services Permission (FSP) by the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM).
Once Argentem has satisfied all IPA conditions and receives its final FSP, the firm is set to expand operations in the region.
The IPA follows a a strategic agreement in July 2022 between the Abu Dhabi Investment Office (ADIO) and Argentem Creek Partners to establish a new regional headquarter within ADGM. This partnership was formed under ADIO’s Innovation Programme, an initiative aimed at providing growth-enabling support to innovative companies within high-growth sectors, including financial services.
Argentem Creek says its will expand its scope of investment opportunities across the Middle East and North Africa (MENA) region as well as Asia as it “seeks to deliver uncorrelated emerging market alpha by investing in special situations, private credit, high yield, and bespoke capital solutions”.
Beyond its flagship emerging markets special situations strategy, the new office will focus on areas such as Asia-focused assets, trade finance in energy transition materials, and the firm’s other strategies throughout the MENA region.