AltNovel Holdings (AltNovel) has obtained its Financial Services Permission (FSP) from Abu Dhabi Global Market’s (ADGM) Financial Services Regulatory Authority (FSRA).
The Category 3c license is granted to its wholly-owned affiliate AltNovel Capital and enables AltNovel to manage collective investment funds, advise on investments or credit and arrange deals in investments, with a focus on private capital.
Holding a Cat 3C license in ADGM provides financial service providers access to international markets. This enables businesses to offer investment products and services to clients across different jurisdictions, expanding your reach and client base.
AltNovel’s financial services
● AltNovel provides access to private capital investments for high-net worth individuals, family offices and advisors
● Aggregating smaller amounts into more powerful pools of capital targeting institutional like returns
● AltNovel supports regional ecosystems by providing knowledge and capital.
Operating with independence in portfolio structuring and opportunity identification, AltNovel optimizes private capital allocation bridging gaps and enhancing net returns.
“In what we do, we are driven by purpose and innovation. We think outside the box to create a real impact. Built on the principles of transparency, clarity, and independence we will empower investors by providing comprehensive, unbiased information. The team’s global and regional expertise will be enhanced by our global partners’ track record, deep research and aligned philosophy in investing and private capital solutions,” the company said.
Stergios Voskopoulos CEO & Founder AltNovel
“We are really excited to establish a presence in ADGM with a Cat 3c license. Having spent significant time in the region we aim to bring novelty in both origination and elevation of Private Capital, promoting transparency, alignment, research, liquidity, and education with clear goals – access, net returns, value generation. We are proud to become an active member of the ecosystem and look forward to contributing back to the region.”
AltNovel aims to unleash the potential of untapped private wealth, leading to a more balanced society and planet with purposeful investing, driving positive change and sustainable financial returns. Climate investing and real impact strategies will be core areas for AltNovel.
Mr. Mohamed Abdulghaffar, Head of Relationships Management at ADGM stated that “We are pleased to welcome AltNovel into ADGM’s vibrant ecosystem. Our robust fund framework enables collective investment fund management companies such as AltNovel to operate in a business-friendly environment with the flexibility to structure a wide variety of funds. We look forward to the milestones AltNovel will achieve in Abu Dhabi and beyond.”
