ADIA betting big on Indian distressed asset sector
June 17, 2019 (Abu Dhabi)
Arabian Business has reported that the Abu Dhabi Investment Authority (ADIA) has invested a total of $1 billion with Kotak Investment Advisors (KIA). Half of this is committed to the special situation distressed fund of KIA.
According to the article, industry sources said ADIA seem to be betting big on India, especially in the distressed asset sector, and could be pumping in big investments going forward.
ADIA has already reportedly invested about $3 billion in the last two years alone. Much of it is in the infrastructure sector.
Read the original article on Arabian Buisness: ADIA said to see 20% return from Indian real estate fund