Abu Dhabi-based AlphaStream to fund mining companies in EV initiative
AlphaStream will also focus on ‘technology metals’ that can power electric vehicles
Dubai: The fund manager AlphaStream has launched an emerging markets royalty and streaming business at Abu Dhabi Global Market (ADGM) in tandem with Abu Dhabi Catalyst Partners.
“AlphaStream will have a dual focus on gold and technology metals necessary to support the EV revolution and use its capital to provide financing for precious metal miners,” said Prashant Francis, co-founder AlphaStream. This, the company believes, will power “energy transition at mining companies”. It will also partner “governments in monetizing their existing royalty collections,” according to Francis.
AlphaStream was founded by Francis and Reyhaan Aboo of UK-based Portman Partners in partnership with Abu Dhabi Catalyst Partners. James Munce, CEO of Catalyst Partners, said, “AlphaStream is another unique proposition that will further enhance the reputation of the ADGM ecosystem to act as a location of choice for innovation.”
Abu Dhabi Catalyst Partners was established in April 2019 as a $1 billion joint venture between Mubadala Investment Company and Falcon Edge Capital, a New York-based investment company. Catalyst Partners’ investment mandate is to partner top-tier investment firms and businesses that benefit from developing a “meaningful” presence in the ADGM.