• Abu Dhabi’s new financial holding company Judan agreed to acquire a 50.1% stake in Alpha Wave Global, expanding its global investment footprint.
• Alpha Wave manages about USD 29B and holds stakes in major AI companies including SpaceX, OpenAI, and Anthropic.
• The deal highlights Abu Dhabi’s growing role in global technology investments as Gulf investors continue pursuing major acquisitions worldwide.

Judan

Abu Dhabi’s newly formed financial services holding company Judan is acquiring a majority stake in Alpha Wave Global. However, the terms of the acquisition were not disclosed. 

Judan will purchase a 50.1% stake in Alpha Wave, an alternative asset manager overseeing roughly USD 29 billion in assets. 

Alpha Wave has built a portfolio spanning private equity, private credit, public markets, and insurance. The firm is also known for backing high-profile technology companies including SpaceX, OpenAI, and Anthropic.

The acquisition reflects Abu Dhabi’s strategy to deepen exposure to sectors expected to benefit from rapid advances in artificial intelligence. It also highlights the Gulf’s continued appetite for global deals.

Acquisition

Judan plans to support Alpha Wave’s expansion into AI-driven life insurance, an area the firm is currently developing. The partnership aims to accelerate the launch of that business.

Despite the acquisition, Alpha Wave will continue operating under its current leadership, thus Chief executive Rick Gerson will remain in charge. Furthermore, the firm employs more than 100 professionals across 11 offices worldwide, including its headquarters in Miami.

The deal also builds on a long-standing relationship between Alpha Wave and Chimera Investment, which is part of Judan’s broader financial network. Both previously partnered on a large technology-focused investment fund.

Investment 

Judan itself is a new heavyweight in Abu Dhabi’s financial sector. It was created by International Holding Company to consolidate multiple financial businesses under one platform.

The structure combines banking, asset management, brokerage, fintech, and insurance operations. Several investment platforms were folded into the group during the restructuring. Those include Lunate Capital, which manages around USD 115 billion, along with Chimera and brokerage International Securities.

The initiative is part of a broader strategy led by Sheikh Tahnoon bin Zayed Al Nahyan, who chairs several major investment vehicles in Abu Dhabi.

The emirate has become one of the world’s most active global investors. Its sovereign funds and investment groups collectively oversee roughly USD 2 trillion in assets.Many of these institutions are increasingly targeting AI, advanced technology, and life sciences. 

The Alpha Wave deal adds another piece to that strategy while strengthening Abu Dhabi’s presence in global venture and private markets.