Abu Dhabi’s Top Wealth Fund Boosts Private Equity Allocation
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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.