The launch of such an organisation comes at a time when wealth managers, family offices, banks and other firms working with high net worth and ultra-HNW clients continue to set up operations, obtain licences and add to teams. Last month, this news service examined the forces shaping the Gulf region wealth market, finding a mood of cautious optimism for the medium term.

This year, Stonegate Capital helped the family complete transactions in the UK and Saudi Arabia and it is coordinating and evaluating a broad pipeline of potential transactions across private markets, real assets and growth businesses.

The identity of the family involved is not disclosed.

AI is a feature of Stonegate Capital from inception rather than being added to a legacy model. AI-enabled systems will support the team in identifying opportunities, research, financial modelling, due diligence, scenario analysis, portfolio oversight, risk monitoring, consolidated reporting and operational workflows, it said. 

Stonegate Capital acts as the central coordinator of the family's financial and strategic affairs. Its mandate includes investment analysis and oversight, coordinating the overall investment management framework, consolidated reporting, family governance, banking coordination, succession and legacy planning, philanthropy, administrative support and coordinating legal, tax and structuring matters with appropriately qualified professional advisors.

The organisation has a team of seven, with plans to grow to 11 by the end of 2026.

For public-market portfolios, Stonegate Capital helps the family define investment objectives and the asset-allocation framework, assess proposals from financial institutions, select and review asset managers and banking partners, manage risk and monitor performance across institutions. On the private-market side, the organisation supports origination, analysis and commercial assessment, due diligence, structuring coordination and ongoing monitoring. 

The group said it has built a leadership team from financial institutions and prominent family offices and will announce leadership appointments in the coming days.

“The launch represents a significant long-term commitment to the United Arab Emirates and reflects the founding family's confidence in Dubai as a leading international centre for private capital, enterprise, technology and investment,” Stonegate Capital said. “Stonegate Capital intends to develop multi-decade relationships with other family offices, entrepreneurs, investment managers, financial institutions and strategic partners across the UAE, the wider MENA region and key international markets.”