Abu Dhabi wealth fund puts $450 mln more into Australian private credit fund | Reuters
Abu Dhabi's sovereign wealth fund, one of the world's largest, will double its investment in an Australian real estate private credit vehicle, the fund's manager said on Tuesday, as traditional lenders grow wary about the sector.
Qualitas (QAL.AX) said an Abu Dhabi Investment Authority (ADIA)-owned vehicle will invest A$700 million ($449 million) into one of its Australian commercial real estate private credit fund.
The move doubles ADIA's investment to A$1.4 billion after a first round last August.
Australian-listed Qualitas invests in real estate private credit and equity and has A$7.5 billion under management, the vast majority run on behalf of institutional investors.
Co-founder Andrew Schwartz said in a statement Qualitas had A$2.3 billion ready to invest "as traditional financiers appear to continue to retreat, particularly in the residential and development sectors."
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