EQT, Eurazeo Lead $700 Billion Wave of Firms Eying the UAE

Private-markets firms managing over $700 billion in assets are joining a growing wave of global investors expanding into the United Arab Emirates, drawn by its deep capital pools and largely unfazed by broader regional tensions.

Sweden’s EQT AB, France’s Eurazeo and UK-based Pollen Street Capital are among those setting up in Abu Dhabi, according to people familiar with the matter. They’ll join others including growth equity investor Baron Capital Management and credit investing firm Silver Point Capital, which have recently established a presence in Dubai.