G42 launches US$10b expansion fund for late-stage companies with disruptive technologies
G42, has launched its US$10 billion G42 Expansion Fund, a global technology growth fund formed in strategic partnership with Abu Dhabi Growth Fund (ADG). The fund, managed by a G42 subsidiary, is focused on accelerating the pace of global innovation by investing in late-stage growth companies with disruptive technologies and strong business fundamentals.
The G42 Expansion Fund will operate as a private equity investor, with a significant share of investment earmarked for high growth regions. In addition to providing investment support, G42 will leverage its operational assets and ecosystem of operating companies to accelerate value creation across the G42 Expansion Fund’s portfolio of investments.
The G42 Expansion Fund’s investment priorities will span across technologies that promise to shape the global economic landscape in the next decades, such as computing and communications technologies, intelligent mobility, clean tech and renewables, digital infrastructures, new materials, multiverses, fintech, healthcare, and life sciences.
Peng Xiao, Group CEO at G42 and Chairman of the G42 Expansion Fund’s Investment Committee, commented, “With the foundation built by our operating businesses and support from our strategic partner, ADG, the next era of G42 will be marked by our ability to turbocharge new ventures around the world. With the G42 Expansion Fund, we aim to accelerate our global impact not only through the deployment of capital, but also by providing unique access to our networks, management, and operational assets to our portfolio companies. We are eager to engage with trailblazing entrepreneurs who share our core values and growth ambitions, and we are excited to be partnering with ADG to further cement Abu Dhabi as a global hub for innovation and progress.”
Leveraging its fundamental and applied AI research, together with its cloud computing capabilities, G42 develops high-impact technology solutions to solve the world’s most complex problems through a robust business portfolio including Bayanat, G42 Healthcare, G42 Smart Nation, G42 Cloud, Injazat, Khazna, Presight, and more. G42 also partners with a growing global network of leading international organizations in its mission to democratize access to cutting-edge technology for every market in the world.