Re/think helps Crosswind Capital secure ADGM fund manager license and launch first real estate fund
19 November 2024, Dubai, UAE – Re/think Middle East (Re/think), the award-winning UAE business advisory and outsourced services firm, has assisted Crosswind Capital Fund Management Limited (Crosswind Capital) with obtaining their Category 3C (CAT3C) fund manager license by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) and with launching their first real estate fund from the ADGM: the Crosswind Capital Student Housing Fund I. The fund is one of the very few such funds successfully authorised in the UAE – launching at a time when the country continues to solidify its position as a premier destination for global property investors.
These achievements mark a major milestone in Crosswind Capital’s journey – underscoring its commitment to the UAE and its focus on building resilient income for its investors.
Re/think has helped set up over 100 regulated entities in the ADGM and Dubai International Financial Centre (DIFC) in the last decade and is recognised as one of the top three firms in the UAE in both numbers of authorisations and outsourced Compliance Officer/MLRO and Finance Officer mandates.
Crosswind Capital serves institutional and family-office investors, building robust businesses that deliver long-term value and strong risk-adjusted returns to the underlying real estate. With the Crosswind Capital Student Housing Fund I have received formal approval to commence operations from the ADGM and the team’s experience in delivering exceptional student accommodation in Florence (Italy), Crosswind Capital is well-positioned to meet the increasing demand for secure, contemporary, and sustainable housing options for students in Europe.
Pavel Tatyanin, Senior Executive Officer at Crosswind Capital Fund Management, commented: “Securing approval from the Abu Dhabi Global Market (ADGM) for both our fund management licence and our first real estate fund are fantastic milestones for Crosswind Capital Fund Management. The legal and regulatory framework offered by the ADGM provides our investors with considerable reassurance as to the integrity, professionalism, and institutional mindset of Crosswind Capital, and we are pleased to confirm that we have already received a substantial commitment from a pension fund.”
Hena Iqbal, Senior Director at Re/think and Senior Advisor on the project, said: “Re/think is delighted to be supporting Crosswind Capital Fund Management on both its establishment in the ADGM and the launch of its first real estate fund. We look forward to witnessing their continued success and contributions to the UAE’s financial services industry.”
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Note to editors
- Crosswind Capital Fund Management Limited is an alternative asset and investment management firm based in Abu Dhabi with, secondary offices in London, Florence, and Ainring, specialising in high-performance operational real estate investments within the European Student Housing and Self-Storage sectors.
- Re/think Middle East is an award-winning business advisory and outsourced services firm providing regulatory and compliance, accounting, tax, audit, HR consultancy, and recruitment services to regulated firms, multi- and single-family offices, and other operating businesses. Established in the UAE in 2013, Re/think today has 80 compliance, finance, tax, and HR professionals across three offices in Dubai and Abu Dhabi focused on providing clients with timely, proactive, and customized business solutions from set-up and early development to the latest stages of a business lifecycle. www.rethink-hq.com
- Re/think partners and senior directors uniquely combine over 50 years of practical regulatory and compliance experience across the UAE financial free zones with an array of ancillary services capabilities, including a tax team familiar with the specific features and needs of proprietary investment firms, family offices, and financial regulated firms.
- Re/think’s Regulatory & Compliance practice is recognised as one of the top 3 firms in the UAE in both numbers of authorisations and outsourced Compliance Officer/MLRO and Finance Officer mandates.
- For further information about this press release, please contact Sarah D’Souza, Marketing & Communications Specialist at dsouza@m-hq.com and +971 56 368 7106.
