# Procific

Procific is a Sovereign Wealth Fund based in Grand Cayman, Cayman Islands.

## Overview

- **Organization type:** Sovereign Wealth Fund
- **Headquarters:** Grand Cayman, Cayman Islands
- **Region:** North America
- **Address:** Grand Cayman, Cayman Islands
- **Assets under management:** Undisclosed
- **Website:** https://procific.com

## Regulatory record

- **Reports private funds:** No

## About

Procific is a sovereign wealth fund headquartered in Grand Cayman, Cayman Islands. It has invested in 15 funds. Its geographic focus is North America.

## Sectors

- Energy Transition & Renewables
- Enterprise Software
- Real Estate
- Private Credit
- Healthcare Services
- Infrastructure

## People

- Hamad Shahwan Surour Shahwan AlDhaheri — Director and Authorized Signatory
- Mohamed Ahmed Mohamed Bandouq Alqamzi — Director

## Questions

### What is Procific's relationship to ADIA?

Procific is a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA), created to serve as a direct-investment vehicle for ADIA's private equity and alternative asset commitments. It shares directors who hold senior signatory authority at ADIA and is ultimately controlled by the Government of the Emirate of Abu Dhabi. The Grand Cayman domicile facilitates cross-border deal execution with US and European sponsors.

### What is Procific's most significant known investment?

Procific is best known as an early and substantial backer of Athene Holding, the retirement-services and annuity platform built by Apollo Global Management. The investment made Procific one of the largest external shareholders in a vehicle that Apollo subsequently merged with itself in 2022, giving the Abu Dhabi entity a meaningful indirect stake in Apollo's publicly traded balance sheet (per Apollo's SEC filings).

### Does Procific invest directly or through funds?

Procific primarily pursues direct co-investments alongside general partners such as Apollo and Carlyle, rather than committing capital exclusively through blind-pool fund vehicles. Public deal records and regulatory disclosures show Procific obtaining direct minority equity stakes in large-cap buyouts, including PPD and Alight Solutions, where other sovereign funds like GIC also participated directly.

### How is Procific different from Mubadala or ADQ?

Unlike Mubadala and ADQ, which serve strategic domestic economic development goals for Abu Dhabi and often take active or controlling stakes, Procific acts as a passive minority investor focused on financial returns. It rarely takes board seats, does not seek to relocate portfolio-company operations to the UAE, and operates primarily through the Cayman Islands rather than Abu Dhabi, giving it a narrower, externally-focused mandate that complements ADIA's broader passive portfolio philosophy.

### Where does Procific's capital ultimately come from?

Procific's capital derives from Abu Dhabi's hydrocarbon revenues, which are pooled and managed by ADIA on behalf of the Government of the Emirate of Abu Dhabi. ADIA receives annual transfers of surplus oil revenues and uses entities like Procific to deploy that capital into private markets globally.

## Related profiles

- [Probus Pleion](https://altss.com/profile/probus-pleion-holding)
- [Procordias Pensionsstiftelse II](https://altss.com/profile/procordias-pensionsstiftelse-ii)

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Last updated: 2026-08-10T23:49:37.812Z

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