– Magellan Capital Holdings, based in Dubai, is launching a  USD 700 million multi-strategy hedge fund next month, marking one of the largest hedge fund debuts in the UAE.

– The new fund will focus on equity and credit strategies, with the firm planning to engage with key allocators, such as family offices and sovereign funds, after establishing a 12-month track record.

– In July, Magellan Capital acquired a majority stake in DanmarksSkibskredit (Danish Ship Finance) from Nordic private equity firm Axcel and Danish pension funds, partially financing the 700 million euros deal through a USD 360 million bond issuance.

Magellan Capital Holdings, a Dubai-based investment firm, is set to launch a $700 million multi-strategy hedge fund next month, marking one of the largest hedge fund debuts in the UAE’s financial sector.

This move highlights Magellan Capital’s growing influence and ambition within the region’s investment landscape.

The fund, as reported by Bloomberg, will focus on both equity and credit strategies, with Britney Lam, the firm’s head of long-short equities, leading the charge.

Lam emphasized that after establishing a solid track record—anticipated to take around 12 months—the firm will start engaging with key allocators, including family offices and sovereign wealth funds across the region.

This upcoming hedge fund launch follows Magellan Capital‘s recent strategic acquisition in July, where the firm secured a majority stake in the A-Class shares of DanmarksSkibskredit (Danish Ship Finance).

The shares were acquired from Nordic private equity firm Axcel, alongside Danish pension funds like PFA Pension and PKA A/S, as well as from other minority shareholders.

The €700 million acquisition deal was partially financed by Magellan Capital’s $360 million bond issuance, also completed in July, underscoring the firm’s robust financial strategy and expansion plans.