Over close to two decades, the Abu Dhabi Investment Council has quietly built a $160 billion portfolio, largely unnoticed in a city awash in sovereign wealth. That restraint is now starting to fade.
Since Saeed Al Mazrouei took over as chief executive officer in late 2023, ADIC has expanded into new asset classes, refreshed its senior ranks, and grown more vocal in defending its capital. Targeting returns of at least 10%, the independently-run unit of Mubadala Investment Co. has launched a secondaries business, increased its exposure to Bitcoin and accelerated a push into insurance.
Saeed Al Mazrouei
Source: Abu Dhabi Investment Council
The goal is to ...
