Abu Dhabi family office targets $1.2B initial close for new LNG fund
What's the deal? The Private Department of Sheikh Mohammed bin Khalid Al NahyanDealroom has a profile for this one. Try Dealroom →, alongside affiliate KSH Investments, has launched the Pvt Dpt – LNG Fund (CEIC) IC, targeting an initial close of $1.2 billion. Reem Partners Limited will act as fund manager, with KSH Investments as strategic consultant. The vehicle will pursue energy and infrastructure opportunities across the United Arab Emirates and selected regional markets.
Who's involved? The fund is tied to a strategic agreement with MidOcean EnergyDealroom has a profile for this one. Try Dealroom → and EIG covering capital formation, investment origination, and future energy and infrastructure deals. Reem Partners is incorporated in the Abu Dhabi Global Market (ADGM) and regulated by its Financial Services Regulatory Authority.
Why now? The launch deepens the Private Department's existing bet on LNG. It had already committed $1.13 billion to MidOcean, EIG's LNG business, placing it alongside shareholders such as Saudi AramcoDealroom has a profile for this one. Try Dealroom → and MitsubishiDealroom has a profile for this one. Try Dealroom →.
The bigger picture: MidOcean's fundraising drive has secured more than $4 billion in closed and pending commitments over the past year, exceeding its original $2 billion target. Backers include Japan's Idemitsu KosanDealroom has a profile for this one. Try Dealroom →, NYK Line, The Arab Energy FundDealroom has a profile for this one. Try Dealroom →, and Shizuoka GasDealroom has a profile for this one. Try Dealroom →.
What's the endgame? The Private Department wants long-term exposure to global energy assets while opening the door for regional investors to co-invest with institutional players. "MidOcean offers access to a vital part of the global energy landscape through a well-rounded LNG platform," said Dr. Ahmed Mansour, chief executive officer (global investment and asset management) of the Private Department.
One caveat: The $1.2 billion figure is a targeted initial close, not capital already raised.
The signal: The fund underscores a wider international push to assemble capital for LNG growth, and reinforces ADGM's bid to become the region's preferred base for institutional capital.
Read more: wam.ae
Image credit: Generated with Gemini
