Abu Dhabi Firm Ramps Up Deals With Whoop Funding, US Gas Foray

Abu Dhabi investment platform 2PointZero Group PJSC has accelerated its outbound dealmaking with two headline transactions this week: it is among investors in Boston-based fitness band maker Whoop Inc.’s Series G funding round that values the company at $10.1 billion, and it agreed to buy 100% of US gas infrastructure owner Traverse Midstream Partners LLC for $2.25 billion. The twin moves — announced less than a day apart — mark some of the most significant transactions for 2PointZero since the firm was established last year.

Direct quote

"The firm has about $33 billion of assets and is overseen by Sheikh Zayed bin Hamdan Al Nahyan as chairman, while Samia Bouazza is its chief executive officer," the Financial Post reported, underscoring 2PointZero’s scale and leadership as it expands its investment footprint.

2PointZero’s participation in Whoop’s Series G places the Abu Dhabi investor alongside other major Middle Eastern backers. The Financial Post noted that the funding round also included Qatar Investment Authority and Abu Dhabi’s Mubadala Investment Co. Whoop, headquartered in Boston, reached the $10.1 billion valuation as it continues to raise growth capital from global and regional investors.

The $2.25 billion acquisition of Traverse Midstream Partners gives 2PointZero exposure to US natural gas infrastructure. Traverse, a portfolio company of The Energy & Minerals Group, holds minority stakes in major midstream assets including the Rover Pipeline and the Ohio River System. Those assets transport gas from the Utica and Marcellus shale regions to demand centers in the US Midwest, the Gulf Coast and eastern Canada.

• Whoop valuation: $10.1 billion (Series G).
• Traverse Midstream acquisition price: $2.25 billion for 100% of the company.
• 2PointZero assets under management: about $33 billion.
• Leadership: Sheikh Zayed bin Hamdan Al Nahyan (chairman); Samia Bouazza (CEO).
• Other Whoop investors named: Qatar Investment Authority, Mubadala Investment Co.

2PointZero was formed from a restructuring of Abu Dhabi’s corporate landscape last year after International Holding Co. PJSC — the emirate’s largest listed firm chaired by Sheikh Tahnoon bin Zayed Al Nahyan — combined Multiply Group PJSC, 2PointZero and Ghitha Holding PJSC. The Financial Post described 2PointZero as part of a broader constellation of sovereign and private investment firms in Abu Dhabi that together control more than $2 trillion and have been active dealmakers.

Outlook

Analysts and market watchers will interpret the transactions as evidence that Abu Dhabi capital remains actively deployed across both consumer technology and energy infrastructure, even amid regional tensions. The Financial Post highlighted parallel activity across the Gulf this month — including Savvy Games Group’s agreement to buy Moonton from ByteDance for about $6 billion — and noted diplomatic signals that big-ticket investment frameworks, such as the UAE’s $1.4 trillion investment and economic framework with the US, remain on track. For 2PointZero, the Whoop stake and Traverse acquisition are positioned as defining early moves in the firm’s expanded mandate and a sign it will pursue cross-border targets in both tech and energy going forward.