In its 2011 annual review, the $627 billion Abu Dhabi Investment Authority (ADIA) announced that it has completed the merger of its real estate and infrastructure teams into a renamed Real Estate & Infrastructure Department. The sovereign wealth fund made the move to “[improve] organizational efficiency and align investment teams and resources.”ADIA has a target infrastructure allocation range of 1 percent to 5 percent.
“Overall activity in the market remained subdued during 2011 compared to the peak of the market in 2006–2008, with only a handful of assets valued at $2 billion to $5 billion-plus being traded,” ADIA notes in its annual review. “Australia and the United Kingdom were two of the more active markets by value of completed infrastructure deals in 2011.”
ADIA transactions in 2011 included a subsidiary that was part of a consortium that agreed to acquire a 24.1 percent stake in