FAB expands Global Private Banking product offering five new evergreen liquid Private Market Funds

Abu Dhabi, 21 November 2023: First Abu Dhabi Bank (FAB) has announced the launch of five new private market funds for its Global Private Banking customers. This expansion of FAB’s private banking product offering also introduces a new asset class, offering enhanced flexibility and higher liquidity, while simplifying access to private markets for its professional customers.

FAB has partnered with some of the world’s leading asset managers to offer these ‘evergreen’ funds, including Fasanara Capital, Muzinich & Co, PIMCO, Hamilton Lane and Partners Group.

Evergreen funds, also known as perpetual funds, are open-ended fund structures with no termination dates. The five funds offer diverse investment strategies and grant customers exposure to various asset classes, including private credit, real estate debt, corporate debt, and private equity. FAB will retain exclusive distribution rights for several of the newly introduced funds for at least the next six months.

Investing in private markets can yield attractive returns, but it can also present challenges in terms of complexity and liquidity. The new funds give FAB clients a streamlined and efficient avenue to access private equity through a single allocation and, in so doing, improve portfolio resilience.

The new asset class and evergreen private market funds were introduced at FAB’s Global Private Banking event, ‘Unveiling New Investment Opportunities’. This marks the latest step in the bank’s commitment to providing clients with seamless access to the best global financial products.

The five new Evergreen liquid Private Market Funds are:

• Fasanara Global Diversified Alternative Debt Fund: The fund offers an exposure to a globally diversified alternative credit portfolio with Real Economy Impact, investing in trade receivables and loans bought from underserved SMEs globally
• PIMCO Tactical Opportunities Fund: PIMCO’s flagship alternative credit strategy spanning both public and private credit markets, the fund targets assets globally in less crowded areas of real estate, corporate, and specialty credit markets
• Muzinich MLoan Fund: An income-generating private debt strategy that focuses on lending to conservatively capitalised European middle market companies. The Fund seeks to preserve capital, even in inflationary periods, through a well-diversified portfolio of floating rate instruments
• Hamilton Lane Global Private Assets Fund: Enables access to a diversified private markets portfolio through a single allocation
• Partners Group Global Value: A diversified private markets portfolio, with asset allocation across direct investments, primaries and secondaries, and offering a wide range of vintage diversification