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ADIC to start equity funds
- United Arab Emirates: Wednesday, October 29 - 2008 at 11:26
State-owned Abu Dhabi Investment Co, which has more than $2bn in assets, plans to start equity funds as it looks to manage more third-party money, reported Bloomberg. The open-ended funds, to be seeded with some capital from ADIC, will focus on the Middle East and North Africa and will be started in the first quarter of 2009. ADIC currently manages three funds open to foreign investors focused on infrastructure, private equity and hedging activities.
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Jeff Florian, Senior ReporterWednesday, October 29 - 2008 at 11:26 UAE local time (GMT+4)
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