Skip to content Skip to Search
Skip navigation

ADQ expands investment reach in Canada

ADQ Canada Unsplash/Juan Rojas
Toronto HQ: ADQ invests in Sagard, the global asset management firm with offices in Canada, the US and Europe
  • Abu Dhabi sovereign wealth fund takes stake in asset management firm
  • Sagard invests in sectors including venture capital and real estate
  • ADQ backing set to accelerate future growth including M&As 

ADQ, the Abu Dhabi sovereign wealth fund, has expanded in Canada with the acquisition of a stake in global asset management firm Sagard, which has $14.5 billion in assets.

Sagard’s majority shareholder remains Power Corporation of Canada, an investor in Europe and North America.

ADQ is joined as a new minority investor by the Bank of Montreal, and Canadian insurer Great-West Lifeco has increased its existing minority stake.

The additional long-term capital investment of these backers is aimed at accelerating Sagard’s future growth in alternative investments, including mergers and acquisitions (M&A).

Sagard has 125 portfolio companies and offices in Canada, the US and Europe. It invests in venture capital, private equity, private credit, real estate and royalties. 

“Sagard’s ability to mobilise investment talent attracted us to partner with them,” Murtaza Hussain, CIO of M&A and alternative investments at ADQ, said. 

ADQ CanadaSagard
Paul Desmarais III, chairman and CEO of Sagard

Paul Desmarais III, CEO of Sagard, added: “These strategic partnerships will accelerate our vision of becoming one of the most respected alternative investment management firms globally. 

“Their capital enables us to attract high-quality investment teams, launch new investment strategies, and fundraise more rapidly. 

“In addition, this will expand our global network for our portfolio companies.”

Latest articles

Musicians perform at the Sharjah Ramadan Festival. Retailers offered discounts of up to 75% on local and international brands

Sharjah’s Ramadan retail sales peak at nearly $110m

Ramadan retail sales in Sharjah hit a new record high of AED400 million ($109 million) in 2024, reinforcing the positive outlook UAE companies had ahead of this year’s holy month. Sales jumped 25 percent year on year during the Sharjah Ramadan Festival 2024, which concluded last Saturday, the UAE state-run Wam news agency reported, quoting […]

UAE to advance talks on debt sustainability at global event

The UAE’s finance ministry intends to advance discussions on global macroeconomic stability and debt sustainability at the 2024 Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG). The spring meetings will be held in Washington, D.C., from April 15 to 20. The UAE will also promote a dialogue to address […]

Adult, Female, Person

EU to provide ‘urgent’ $1bn short-term aid to Egypt

The European Union (EU) will provide €1 billion ($1.1 billion) in urgent short-term financial aid to Egypt to support its economy. The funding is part of the larger €5 billion macro-financial assistance package.  The remaining €4 billion will be released as longer-term assistance over 2024-2027 but is yet to be cleared by the 27-member bloc. […]

Adnoc sought advice from investment banks on buying a significant stake in BP, a media report said

UAE’s Adnoc explored acquiring BP

Abu Dhabi National Oil Company (Adnoc) explored the possibility of acquiring British oil major BP but abandoned the plan as it did not fit into its strategic growth objectives, a media report said.  The talks did not advance beyond the initial stages, Reuters reported, citing informed sources.  The UAE state oil company also sought advice […]