abstract:The Abu Dhabi Investment Authority (ADIA) is a sovereign wealth fund owned by Emirate of Abu Dhabi (in United Arab Emirates) founded for the purpose of investing funds on behalf of the Government of the Emirate of Abu Dhabi. It manages the emirate’s excess oil reserves, estimated to be as much as $500 billion.
Other known sovereigns in U.S. commercial real-estate lending include AbuDhabiInvestmentAuthority, the Norwegian Government Pension Fund Global, and the Government of Singapore Investment Corp.
The similarly sized AbuDhabiInvestmentAuthority has been cutting its equity allocation to the lower end of its target band of 40-55% of assets, and giving more to index-trackers and less to expensive active managers.