Advent, the Boston-based private equity firm with $109 billion in assets under management, has opened its first permanent regional office in Abu Dhabi Global Market (ADGM). The office deepens a long-standing partnership with the Abu Dhabi Investment Authority, which includes co-investments in American asset manager Fisher Investments and German power equipment maker Innio.

Why This Matters

Advent is the latest in a wave of US financiers choosing Abu Dhabi as their regional base, drawn by the emirate's deep capital pools and strong regulatory environment. Fellow US firms Bain Capital, New Mountain Capital and Vista Equity Partners all opened ADGM offices this year. The permanent local platform gives Advent direct access to regional investors and a stronger foundation to support its existing portfolio companies.