Abu Dhabi Investment Company related stories
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Invest AD targets $400m for second MENA fundThe rebranded firm, formerly the Abu Dhabi Investment Company, aims to raise a fund more than triple the size of its predecessor.
- Sovereign funds form investment alliance
Korea Investment Corporation has signed memorandums of understanding with Australia’s QIC and Malaysia’s Khazanah Nasional to jointly explore investment opportunities.
- ADIC to launch global real estate fund
While the firm is focused on the Middle East and North Africa, ‘this is a fantastic time for global real estate’, said ADIC’s head of private equity, citing declining valuations, which ‘would continue for some time’.
- ADIC rebrands as Invest AD
The name change is part of the Middle East investment firm’s strategy to attract international and local investors to invest in the region.
- Abu Dhabi, Korea partner on private equity initiative
ADIC, Korea Development Bank and the Korea Trade Promotion Agency aim to boost the private equity, real estate, and infrastructure investment flow between the MENA region and South Korea.
- ADIC-UBS Infrastructure Fund I raises $250m
The joint venture between Abu Dhabi Investment Company and UBS Global Asset Management is raising a $600m fund to invest in infrastructure development in the MENA region. Research commissioned by the two firms predicts soaring government infrastructure spend in the region.
- ADIC hires Rothschild MD
Formerly an investment vehicle for Abu Dhabi’s sovereign wealth, the Abu Dhabi Investment Company is expanding into M&A advisory with the hire of Alex Carré de Malberg.
- Former NBK chief to lead ADIC programme
Samir Assaad Samaan, formerly NBK Capital’s head of private equity, will lead the Abu Dhabi-backed firm’s push into the buyout market.
- ADIC appoints first CIO
The Abu Dhabi government-backed investment company has hired former Volvo executive Anders Ljungqvist for the role, as it positions itself to build up its third party fund management.
- Carlyle raises $500m MENA fund
The global buyout fund has closed its first MENA-focused fund, which had originally targeted up to $1bn. The close comes one week after raising $553m for its second mezzanine fund.