Abu Dhabi investment holding company Alpha Dhabi Holding has signed an agreement to commit USD 1 billion (about AED 3.67 billion) to Alpha Wave III, a global investment fund managed by Alpha Wave Global that is expected to invest in artificial intelligence and high-growth technology businesses.
Founded in 2012, Alpha Wave Global is an alternative asset manager working across private equity, private credit, and insurance and retirement solutions. Alpha Dhabi announced the commitment on 26 October 2026. It builds on the group's participation in Alpha Wave Ventures II, which gave it indirect exposure to companies including SpaceX, OpenAI and Anthropic, and it remains subject to any applicable approvals. Alpha Dhabi plans to fund it from recycled cash distributions from Alpha Wave Ventures II and existing resources, with capital deployed over time in line with the fund's capital calls. (Founded in 2013, Alpha Dhabi Holding is an ADX-listed Abu Dhabi investment holding company with more than 250 public and private investments across 45 countries.) More details about the announcement here.
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Dubai investment firm Aditum Investment Management has co-led a pre-IPO funding round of about $10 million in Indian drone maker Garuda Aerospace, alongside the Motherson family office. The round was raised at a pre-money valuation of $320 million, according to the Economic Times.
Bahrain investment bank GFH Bank has closed its $63 million Power Systems Opportunities Fund, a Sharia-compliant vehicle investing in North American grid equipment maker MacLean Power Systems and Irish high-voltage engineering firm H&MV Engineering.
Abu Dhabi investment firm BlueFive Capital has made a strategic investment in Indonesia asset manager PT Majoris Asset Management through BlueFive786, its Sharia-compliant investment platform. The stake size and deal value were not disclosed. As part of the transaction, Majoris is to rebrand as BlueFiveMajoris, subject to approval by Indonesia's financial regulator OJK.
UAE company Crescent Enterprises has led a USD 45 million Series D funding round in Indian automotive aftermarket platform myTVS through CE-Invests, its strategic investments platform. The round was raised by TVS Automobile Solutions (TVS ASL), the company behind the myTVS brand, as part of a new strategic partnership between the two groups.
Dubai-based investment firm Gulf Islamic Investments has acquired a majority stake in UK platform London House Exchange from Better Home & Finance Holding Company (NASDAQ: BETR). The price was not disclosed. Better will stay on as a minority shareholder, and the UK Financial Conduct Authority approved the deal.
UAE corporate venture firm CE-Ventures, the venture capital arm of Crescent Enterprises, has backed Milan biotech Aptadir Therapeutics in a EUR 40 million seed round. The raise is the largest biotech seed financing in Italy and among the largest in Europe. Proceeds fund Aptadir's next stage of growth in RNA inhibitor therapies for genetic disorders.
Bahrain private equity firm Arcapita's Dubai portfolio company DataFlow Group has acquired NEAC Medical Exams Application Center Inc. (NEAC), a specialist in medical licensing exam application services for nurses and other healthcare professionals. The value was not disclosed. The deal marks DataFlow's first direct step into the United States and reads as an Arcapita-backed platform bolt-on.
UAE investment firm Stone Venture has led a Series B financing round of several hundred million yuan in China-based robotics company GENISOM AI. The exact amount and valuation were not disclosed. Co-investors included Hongshan Capital, Yueke Finance, Wuzhong Rongyue, Wuzhong Financial Holdings, Neusoft Group, Highpower Technology, Vision Capital and Riying Electronics.
Abu Dhabi-listed MAIR Group has signed a share purchase agreement to acquire 70% of Eslab Kahve Gida Sanayi ve Ticaret A.S., owner of the Espressolab specialty coffee brand. Eslab founders and existing shareholders will retain 30%. Transaction value was not disclosed. Completion remains subject to customary closing conditions, including regulatory approvals.
Huspy, a Dubai-founded proptech building an AI platform for real estate and mortgage brokers, has acquired Integra Finance, an Italian credit intermediation company. The deal is Huspy's launch in Italy. Acquisition terms were not disclosed. Huspy said it plans to invest USD 86 million (AED 315 million) in Italy to build a leading mortgage finance and real estate operator there.
GeoNova Capital, a Dubai investment firm, has committed USD 10 million as lead and cornerstone investor in NovaGen Group, a Netherlands-based regenerative medicine company. GeoNova is also acting as corporate adviser on the financing.
Abu Dhabi investment firm BlueFive Capital has completed the acquisition of a 30% equity stake in Bugatti Rimac from Porsche AG. The close makes BlueFive the largest shareholder after Rimac Group, which keeps a 55% controlling stake. BlueFive will take one board seat at Bugatti Rimac and two observer seats.
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