ADIA scouting for principal investments

(Asia)

According to an article published on Deal Street Asia, the Abu Dhabi Investment Authority's (ADIA) private equities department will scout for principal investments in its core sectors.   ADIA will also continue to make new fund commitments to partners with whom it has developed “broad relationships” built on a mutual understanding of priorities.

ADIA said it has successfully completed 15 principal investments across its core sectors in 2018, in addition to several smaller direct venture capital investments, with an emphasis on opportunities where it could provide a differentiated capital solution to a seller or GP partner.

On the real estate front, ADIA is focusing heavily on China, India, and Latin America. ADIA noted that dry powder available for real estate investments has hit a record high, suggesting that investor appetite for the asset class remains robust. In 2018, ADIA’s new investments in real estate has achieved an average equity-weighted IRR of more than 10%.

Read the original article on Deal Street Asia: ADIA to spruce up direct PE investments