| The Abu Dhabi Investment Council revived plans to sell $1.5 billion of private equity fund stakes, people with knowledge of the matter said. ADIC, which invests in asset classes including private equity, infrastructure and hedge funds, is working with an adviser to find a buyer for the assets, said the people, who asked not to be identified because they weren’t authorized to speak publicly. The assets are primarily from European and U.S. funds, the people said.
The government-controlled fund manager had previously been in talks to sell the portfolio to French asset manager Ardian before pulling the deal last year as valuations of funds in the secondary market continued to appreciate...............................................Full Article: Source |