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

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

Dubai: 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