Abu Dhabi – Mubasher: Judan Financial Holding, a subsidiary of International Holding Company (IHC), has made its first strategic investment in US-based investment management firm Alpha Wave Global for a 50.1% stake in the company.
The investment marks a significant step in Judan’s strategy to expand its global asset management footprint and strengthen its position as a leading international investor in financial services, according to a bourse disclosure.
Alpha Wave has roughly $29 billion of assets under management across four verticals, namely private equity, private credit, public markets, and insurance. The Florida-based company currently operates with a team of 116 professionals across 11 offices worldwide, with a head office in Miami.
The US company’s private credit platform underwrites senior loans to corporate in the US, Europe, and Australia. Its insurance vertical is launching an AI‑native life insurance and retirement solutions provider designed to transform underwriting, distribution, and the customer experience through end‑to‑end AI integration.
Management
Alpha Wave will continue to operate under its existing leadership team, led by Co‑Founder, Chairman, and CEO Rick Gerson, alongside Co‑Founders Navroz Udwadia and Ryan Khoury.
The firm has also recently appointed Francis Suarez, former Mayor of Miami, as President, further strengthening its senior leadership team.
Alpha Wave has appointed Joe Norton, a highly regarded insurance executive, as CEO of its insurance business. He is the former COO of EquiTrust, with prior leadership roles at Guggenheim, FBL Financial, and Athene.
Mohamed Alsuwaidi, Vice Chairman, Managing Director and CEO of Judan Financial, said: “Alpha Wave exemplifies the type of partner we seek to bring into Judan Financial – globally recognized, performance-driven and strategically aligned with the future of finance.”
Alsuwaidi noted: “With robust capabilities across private equity, private credit, public markets and insurance, and a clear vision to drive AI‑led innovation within the financial services sector, Alpha Wave represents an ideal strategic fit. Together, we will accelerate growth, strengthen institutional partnerships and unlock new opportunities for investors.”
The acquisition represents a major milestone in Judan Financial’s strategy to build one of the world’s most scaled, diversified and AI-enabled financial services platforms.
By combining Alpha Wave’s established global investment capabilities with Judan’s long-term capital base and institutional reach, the partnership accelerates the IHC subsidiary’s ambition to shape the future of global asset management while delivering differentiated opportunities for investors worldwide.
Meanwhile, Rick Gerson, Co-Founder, Chairman and CEO of Alpha Wave, said: “Partnering with Judan Financial marks a transformative milestone for Alpha Wave, and we look forward to building the next chapter of growth together.”
Gerson noted: “With Judan’s long-term capital base and global network, we are well positioned to scale our investment platforms, expand our global reach, and continue backing the world’s most innovative companies as we seek to generate compelling risk-adjusted returns for our investors. Our guiding thesis that AI is the most profound transformation of our lifetimes directly aligns with Judan and IHC’s focus and expertise.”
President of Alpha Wave, Francis Suarez, stated: “This partnership brings together global capital, technology-driven innovation and long-term vision. As Alpha Wave expands its footprint and launches its AI-native insurance platform, the support of Judan Financial strengthens our ability to deliver differentiated solutions to investors and clients across the US and beyond.”
On 13 February 2026, IHC announced the launch of Judan Financial as a new AI-enabled North Star platform for global financial services with over AED 870 billion in assets under management.
Judan Financial aims to consolidate financial services assets from IHC, Alpha Dhabi Holding, 2PointZero Group and Sirius International Holding across banking, insurance, asset and wealth management, non-bank financial services and fintech.
Subject to regulatory approvals, the platform is expected to oversee more than 20 operating companies across 13 or more countries, serving over 11 million clients.
Judan Financial is designed to substantially scale and deepen its platform over the next five years while raising third-party institutional capital and providing global investors access to a diversified financial services investment powerhouse.
