Global private markets firm Partners Group has opened an office in Abu Dhabi, which will serve as a new regional headquarters.

The new office takes Partners Group’s total number of offices worldwide to 22. It will be headed by Suhail Albaz, chairman, Middle East, Africa, and Central Asia.

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The company has had a presence in the Middle East since the opening of its Dubai office in 2010, and has been expanding in the region over the past few years.

It collaborates with leading institutional investors in the Middle East, led by head of institutional clients, Middle East, Nael Antaki, and is now focused on building out its regional private wealth business with the appointment of Venugopal Reddy as head of private wealth, Middle East, last year.

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Partners Group’s portfolio companies now employs over 2,000 people in the region.

“The Middle East is a key growth area for Partners Group, and we plan to significantly develop our business in the Gulf Cooperation Council and across the broader region,” said Albaz.

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“Not only are we focused on deepening our network of regional clients and business partners, but we are also actively pursuing the growing opportunities for transformational investing offered to our portfolio of businesses and assets by establishing themselves in the Middle East.”

Partners Group recently announced its evergreen fund had hit €2bn, while it launched a new royalties evergreen fund for the wealth market last month.