Abu Dhabi’s Top Wealth Fund Boosts Private Equity Allocation

The Abu Dhabi Investment Authority, which manages around $1 trillion in assets, plans more investments in the private equity sector, underlining its clout as a globally influential dealmaker.

ADIA last year boosted it targeted allocation to private equity to 12%-17% of its overall portfolio, according to its 2023 annual review published on Thursday. That was up from 10%-15% a year earlier. The allocation to all other asset classes, including developed market equities or real estate, remained unchanged.

The fund’s increased focus on private equity comes as rising interest rates last year damped dealmaking activity in the sector which plunged ...