Skip to Main Content
Our Commitment to Diversity

K&L Gates Advises on Launch of Invest AD Global Asset Manager and Invest AD Blackstone Private Debt Fund

1 February 2024

Global law firm K&L Gates acted as sole legal advisers to Abu Dhabi Investment Company (Invest AD) in connection with the establishment and licensing of Invest AD’s fund management subsidiary, which was the first manager authorised by the Securities and Commodities Authority under its new investment funds regulations. In another first under the new regulations, K&L Gates also acted as sole legal counsel in the formation and approval of the Invest AD Blackstone Private Debt Fund, the first UAE-based private credit feeder fund for professional investors. 

The team that advised Invest AD was led by lawyers from K&L Gates’ Corporate and Asset Management and Investment Funds practices, which included Boston partner Todd Gibson, Dubai partner Farah Al-Nabulsi, Dubai associate Zaid Abu-Shattal, Boston associate Matt Phillips and Dubai senior paralegal Samia Mechernene. The team, which was supported by other K&L Gates lawyers, has served as legal adviser to Invest AD on a number of corporate and investment funds-related matters over the past several years.

“The K&L Gates team was instrumental to the success of our fund launch,” said Mohammad Behzad Saleemi, Invest AD’s Chief Executive Officer. “They provided practical and creative guidance that helped us navigate these new regulations.”

Gibson added, “This project was a real group effort among the K&L Gates lawyers across offices working hand-in-hand with the teams at Invest AD and the regulator, and our firm was proud to be a part of it.”

K&L Gates is a fully integrated global law firm with lawyers located across five continents. The firm represents leading multinational corporations, growth and middle-market companies, capital markets participants and entrepreneurs in every major industry group as well as public sector entities, educational institutions, philanthropic organizations and individuals.

Return to top of page

Email Disclaimer

We welcome your email, but please understand that if you are not already a client of K&L Gates LLP, we cannot represent you until we confirm that doing so would not create a conflict of interest and is otherwise consistent with the policies of our firm. Accordingly, please do not include any confidential information until we verify that the firm is in a position to represent you and our engagement is confirmed in a letter. Prior to that time, there is no assurance that information you send us will be maintained as confidential. Thank you for your consideration.

Accept Cancel