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Abu Dhabi investment house plans distressed fund

Posted on 25 March 2009

From Reuters: With the global economy slowing down, ADIH is planning to capitalise on the opportunities in distressed assets. This could be the first distressed assets fund from the Middle East. The Abu Dhabi Investment House (ADIH) is planning to launch a fund to acquire distressed assets.

The likely size of the fund or the timeline of the launch is not known. The firm is however looking at new sectors like cleantech and pharma, and expanding to newer geographies. ….Full Article: Source

 
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