The Abu Dhabi Investment Authority (ADIA) has increased its long-term allocations to alternative asset classes such as infrastructure, according to industry sources.
The sovereign wealth fund’s long-term infrastructure allocation was increased from a range of 1 percent–5 percent to 2 percent–7 percent. The private equity allocation was increased from a range of 2 percent–8 percent to 5 percent–10 percent.
IREI understands this was the first long-term asset allocation change in more than 10 years.
ADIA takes minority stakes in infrastructure assets, either independently or alongside partners in full acquisitions, according to the fund’s website. As a financial investor, it does not seek operational control of infrastructure assets.
ADIA seeks investments that offer long-term, consistent cash flow in countries and regions with stable legal and regulatory frameworks. The fund focuses mainly on assets that provide a combination of growth and stabi