The Abu Dhabi Investment Authority, among the world’s largest sovereign wealth funds, is ramping up its private equity activities after a relatively subdued period over the past two years, sources familiar with the fund’s plans said.
Staffing within ADIA’s private equity department will likely more than double from its current complement of around two dozen, sources said, although no specific allocation targets have been set.
“There are significant plans to increase private equity staffing, several industry executives have been approached in the last month,” said one source who was approached.
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