(Yicai Global) July 6 -- The Abu Dhabi Investment Authority (ADIA) said it plans to look for direct private equity investment opportunities, especially in fast growing Asian markets such as China and India. This reflects major sovereign wealth funds' increasing interest in such deals in recent years, Sina.com reported.
ADIA is one of the world's largest sovereign wealth funds with assets worth USD800 billion. The fund upped its exposure to direct private equity investments and credit transactions last year, ADIA's annual review shows.
The fund said it will continue to work with partners to find private equity investment opportunities. In the future, global economic growth will be driven mainly by emerging economies, particularly China and India, ADIA said.
ADIA did not disclose the value of its current private equity holdings, but said that the amount assigned to such assets in emerging markets accounted for 2 to 8 percent of its long-term investment portfolio last year, while developed markets' quota was about one third.
ADIA set up an office in Hong Kong last year, signaling the fund's attraction to China and other parts of Asia.