AltNovel Holdings gets Category 3c license from ADGM

  • Date: 15-Dec-2023
  • Source: GCC Business News
  • Sector:Financial Services
  • Country:UAE
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AltNovel Holdings gets Category 3c license from ADGM

AltNovel Holdings (AltNovel) has obtained its Financial Services Permission (FSP) from Abu Dhabi Global Market’s (ADGM) Financial Services Regulatory Authority (FSRA). The Category 3c license is granted to its wholly-owned affiliate AltNovel Capital and enables AltNovel to manage collective investment funds, advise on investments or credit and arrange deals in investments, with a focus on […]AltNovel Holdings (AltNovel) has obtained its Financial Services Permission (FSP) from Abu Dhabi Global Market’s (ADGM) Financial Services Regulatory Authority (FSRA).

The Category 3c license is granted to its wholly-owned affiliate AltNovel Capital and enables AltNovel to manage collective investment funds, advise on investments or credit and arrange deals in investments, with a focus on private capital.

Holding a Cat 3C license in ADGM provides financial service providers access to international markets. This enables businesses to offer investment products and services to clients across different jurisdictions, expanding your reach and client base.

AltNovel’s financial services

? AltNovel provides access to private capital investments for high-net worth individuals, family offices and advisors

? Aggregating smaller amounts into more powerful pools of capital targeting institutional like returns

? AltNovel supports regional ecosystems by providing knowledge and capital.

Operating with independence in portfolio structuring and opportunity identification, AltNovel optimizes private capital allocation bridging gaps and enhancing net returns.

“In