The Abu Dhabi Investment Authority, which controls almost $1 trillion of assets, is channeling more of its financial firepower into private equity investments as deep-pocketed Middle Eastern investors play an increasingly pivotal role in global dealmaking.
The emirate’s biggest sovereign wealth fund raised the amount it dedicates to private equity to between 10% and 15% last year, up from 2% to 8% in 2019, according to its 2022 annual review released on Tuesday. ADIA is positioning itself for the continued growth of private equity markets, including private credit, as an increasingly important alternative to traditional bank lending.
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.