Magellan Capital Limited

Magellan Capital Limited is a Dubai-based private equity firm established in 2024, focusing on investments across private and public markets. The firm employs a diversified investment strategy, targeting high-quality and deep-value businesses with significant growth potential. In June 2024, Magellan Capital acquired a majority stake in Danish Ship Finance, marking its first major investment and a strategic move to diversify its portfolio. The acquisition was partially financed through a $360 million bond issuance. In August 2024, the firm announced plans to launch a $700 million multi-strategy hedge fund, one of the largest debuts in the UAE, focusing on equity and credit strategies. The fund's seed capital originates from the family wealth of Hassan El Ali, who founded Zakher Marine International and sold it to a unit of UAE state-owned energy firm Adnoc two years prior. Magellan Capital's team comprises experienced professionals with backgrounds in investment banking, private equity, and asset management, enabling the firm to navigate complex investment landscapes and deliver value to its clients.