Wealth Fund Newbie Comes Into Focus in $1 Trillion Sovereign Hub
- Global SWF says ADQ amassed $110 billion since setup in 2018
- Role is to help diversify Abu Dhabi’s oil-dependent economy
Photographer: Rustam Azmi/Getty Images
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For all the buzz around Abu Dhabi’s newest wealth fund, the size of ADQ has been harder to pin down.
A new report from Global SWF has put a number for the first time on how much the sovereign investor has amassed. Through the transfer of government holdings including the domestic stock exchange, alongside a series of investments, ADQ now oversees $110 billion in assets, according to estimates by the New York-based data firm and adviser.