| The Abu Dhabi Investment Authority, a Middle Eastern sovereign wealth fund, is to continue the expansion of its private equity team despite the impact of the “increasingly fragile macroeconomic climate” on the asset class.
In its 2011 annual report released earlier this week, the ADIA said that the private equity market last year “was very much a tale of two halves for the private equity industry” with increasing credit availability accelerating deal activity, which subsequently slowed as a result of the European sovereign debt crisis...............................................Full Article: Source |