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

The Abu Dhabi Investment Authority, managing $1 trillion in assets, has increased its private equity allocation to 12%-17% of its portfolio, up from 10%-15% the previous year. Despite challenges in the sector, ADIA made over 20 direct investments and focused on funding leveraged buyouts through private creditor providers. The fund's strategic shift towards private equity is part of a broader internal overhaul aimed at enhancing returns and making faster investment decisions. Abu Dhabi's sovereign entities collectively manage $1.7 trillion in wealth, attracting major international asset management names to the emirate's financial center. [Extracted from the article]