- Abu Dhabi Catalyst Partners (ADCP), backed by Mubadala, has invested in a US-based private equity firm focused on Enterprise Software and Gaming. ADCP, a $1.65 billion joint venture between Mubadala Capital and Florida-based Alpha Wave Global, has teamed up with Haveli Investments to support its enterprise software strategy.
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With ADCP’s investment, Haveli will expand its operations in the GCC by opening its first office outside North America in the Abu Dhabi Global Market (ADGM). This new office will host a team of software and gaming investment professionals, enhancing Haveli’s global reach and presence. Fatima Al Noaimi, Co-Head of Solutions at ADCP, highlighted the potential of this partnership, noting that the enterprise software sector is a nearly $1 trillion global industry.
Why it matters
The collaboration also leverages the UAE’s growing gaming sector, which has seen a surge of developers and esports teams since the launch of the ADGaming initiative in 2021.
