Prime Business Africa
For investment managers seeking the certainty of common-law principles combined with a progressive regulatory framework, Abu Dhabi Global Market (ADGM) has emerged as a preferred jurisdiction, Mi
According to Suklevicius, ADGM’s comprehensive FUNDSRulebook sets out clear, unified requirements for fund managers operating within the market or marketing foreign funds from ADGM. “This framework, he says, “provides a single, integrated rulebook covering fund authorisation, ongoing operational conduct, and cross-border fund offerings. Venture capital managers benefit from additional regulatory transparency.”
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The Financial Services Regulatory Authority (FSRA) had, in December 2023, issued Guidance for Fund Managers of Venture Capital Funds. The document outlines the process for obtaining a Financial Services Permission (FSP), specifies the regulated activity of Managing a Collective Investment Fund, and clearly details the authorisation expectations for both new and experienced VC fund managers. The aim is to streamline and simplify the licensing journey.
Suklevivicius says the ADGM truly differentiates itself in the area of private credit.
“In May 2023, the FSRA introduced a dedicated regulatory regime for Private Credit Funds, accompanied by detailed guidance. These provisions incorporated into the FUNDS Rulebook cover key areas such as investment eligibility, risk diversification, leverage restrictions, disclosures, reporting requirements, and governance systems” says the HF fumd manager.
He further notes that the regime includes tailored rules for managers focused on origination and direct lending strategies, enabling a wide spectrum of credit-focused approaches under one regulatory roof.
“ADGM continues to cement its position as a leading international financial centre in the region,” Suklevicius concludes.
Prime Buisness Africa rep[orts that as of mid-2025, the jurisdiction supports over 11,000 active licenses, with Assets Under Management (AUM) increasing by 42% in the first half of the year highlighting its appeal among both investment managers and fund sponsors globally.
