Dubai – Sharikat Mubasher: UAE AI firm G42 invested an undisclosed amount in US-based Inveniam bringing cumulative funds raised to $120 million.

This strategic partnership marks a fundamental shift in how the world's largest asset class will be valued, managed, and traded, as per a recent press release.

G42 is a substantial company with 25,000 employees spread across seven AI subsidiaries, ranging from the energy sector to health and data centers.

The partnership with G42 aims to utilize G42's expertise in AI and Inveniam's data architecture to provide a system that allows for the secure and controlled sharing, analysis, pricing, and trading of private market assets. This includes the introduction of the first-ever derivatives and indices for real estate and other private assets, aiming to make private markets more accessible.

Patrick O’Meara, Inveniam CEO stated: “Private markets – the realm of real estate, private equity, private credit and infrastructure investments – represent the world’s largest asset class, worth hundreds of trillions of dollars. Yet despite their massive size, these markets operate much like they did decades ago, with scattered data, manual processes, and long transaction times. As we built our solution, we realized that it would not be a single new technology that would transform this market. It is the convergence of AI, DLT, and DeFi.”