Najm CapitalNajm Fund I + Co-InvestGCC growth equity, infrastructure, and strategic buyouts · Q1 2026 reporting
3
K. Al Rashidi · Director
KR
Commitment
Fund V$500M
Co-Invest$120M
Called66.1%
DPI 0.09x·Distributed $38M
Reporting
Last deck: 2026-03-11Viewed 3× · 52 min dwell
Next: 2026-05-05Q1 2026 DDQ · 38 questions · drafted · Director sign-off pending
Relationship
Khalid Al MuhairiDirector of Alternatives
Najm leadSara Al Mazrouei
About ADPF
Abu Dhabi Pension Fund manages retirement assets for Abu Dhabi government employees, with ~$28B AUM and a long-duration mandate driven by public-sector pension liabilities. Anchor LP in Najm Fund I — relationship led by Mohammed Al Rashidi. Strong alignment with UAE Vision 2031; particularly interested in infrastructure platforms, clean energy, and growth equity in digital services. DDQ cycle runs semi-annually; preference for direct reporting to the Director of Alternatives.
Their priors · what resonates
Long-horizon mandate · typical expected hold 8-10 years matching pension liability profile
Infrastructure allocation is strategic priority · clean energy and digital infra preferred
UAE Vision 2031 alignment is a formal IC requirement for new commitments
Prefers structured downside protection in growth equity deals
Quarterly reporting minimum · board-level oversight of alternative assets
2025 key moments
Mar: Masdar follow-on co-invest discussion · ADPF took $60M in Masdar renewables tranche
Jun: UAE Vision 2031 alignment workshop hosted at Najm Abu Dhabi offices
Sep: Wio Bank Series B co-invest offered · ADPF committed $30M
Dec: Annual governance review · ADPF expanded PE allocation by AED 2B
Contacts
KM
Khalid Al MuhairiDirector of AlternativesLast: 2026-04-20
SM
Saif Al MansooriHead of Private EquityLast: 2026-04-10
FK
Fatima Al KetbiIR + OperationsLast: 2026-03-25
Engagement temperature
Based on deck engagement, meeting cadence, and responsiveness over last 90 days.