Magellan Capital, the DFSA-regulated investment manager, today announces the launch of Magellan Asset Backed Opportunities Fund OEIC Limited (\u201cthe Fund\u201d), the first-of-its-kind incorporated in Dubai International Financial Centre and registered with the DFSA as a Domestic Fund.<\/p>\n
The Fund is the first institutional open-ended vehicle to invest in asset-backed facilities across the GCC and Europe, with a portfolio comprising diversified assets, including loans to SMEs
\nand individual borrowers. It opens a new channel for institutional capital to drive economic growth and diversification across the GCC region. The Fund can invest in Shariah-compliant facilities, making it accessible to the full range of GCC investors.<\/p>\n
It launches with $50 million in seed capital and is now open to professional investors. The Fund is targeting more than $250 million in AUM in the medium term.<\/p>\n
Asset-backed lending and securitisation have been pillars of credit markets in Europe and North America for decades, but the Gulf has lacked a local institutional equivalent. SMEs and
\nindividual borrowers sit at the centre of economic diversification across the UAE and GCC, yet traditional banks have concentrated on large corporates and infrastructure, leaving a persistent financing gap. The Fund was built to address this.<\/p>\n
The model is already proven. An initial investment with Beehive – one of the GCC\u2019s leading SME lending platforms – provided the proof of concept. The Fund was built in direct response to investor demand to replicate that approach at institutional scale.<\/p>\n
The portfolio spans diversified classes of assets, so no single default can materially affect returns. The Fund targets double-digit returns and offers a preferred redemption schedule,
\ngiving investors a liquidity pathway that conventional closed-ended private credit funds do not.<\/p>\n
The Fund is already in advanced discussions with multiple counterparts across a range of segments and geographies, with a pipeline of prospective investments in place to support its growth trajectory.<\/p>\n
Ahmed Omar, Chief Executive and Chief Investment Officer of Magellan Capital, said: \u201cThe UAE’s private sector has historically struggled to access capital efficiently –
\ntraditional lenders concentrate on large corporates, leaving SMEs and individual borrowers underserved. We see that first-hand, which is why this fund was built around an asset-backed
\nstructure that keeps us high in the capital stack and positions investors for strong risk-adjusted returns. The businesses driving the UAE’s economic diversification need a financing partner built specifically for them – particularly as the region navigates the aftermath of recent conflict.<\/p>\n
As a homegrown manager with a strong UAE nexus, we believe it is our duty precisely at this moment to step in and support our local economy\u201d<\/p>\n
Investor information workshops<\/p>\n
To mark the launch, Magellan Capital will host a series of regional workshops for professional investors and family offices. The sessions will provide a comprehensive introduction to assetbacked lending and securitisation as an emerging Gulf asset class along with the implications for investors in open-ended funds.<\/p>\n
Dates and locations will be announced near-term.<\/p>\n
To register interest, contact: mabo.fund@magellancap.com<\/p>\n","protected":false},"excerpt":{"rendered":"
Magellan Capital, the DFSA-regulated investment manager, today announces the launch of Magellan Asset Backed Opportunities Fund OEIC Limited (\u201cthe Fund\u201d), the first-of-its-kind incorporated in Dubai International Financial Centre and registered with the DFSA as a Domestic Fund. The Fund is the first institutional open-ended vehicle to invest in asset-backed facilities across the GCC and Europe, […]<\/p>\n","protected":false},"author":1,"featured_media":70584,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-70583","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/posts\/70583","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/comments?post=70583"}],"version-history":[{"count":1,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/posts\/70583\/revisions"}],"predecessor-version":[{"id":70585,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/posts\/70583\/revisions\/70585"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/media\/70584"}],"wp:attachment":[{"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/media?parent=70583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/categories?post=70583"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/tags?post=70583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}