State-owned Abu Dhabi Investment Co (ADIC) is planning to launch an international property fund, along with four other funds, to invest in firms whose valuation has been affected by the global financial crisis, its head of private equity said.
“The next two years will provide a fantastic time for private equity, a window of opportunity that you will not see in a few years to come,” Samir Assaad Samaan told reporters at a private equity forum in Abu Dhabi.
Abu Dhabi has amassed an enormous cushion of surplus oil export revenues during a six-year rally in crude prices and the government is looking abroad for investments.
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