Adia shells out funding for Polus Capital: London-based credit investor PolusCapital Management secured a capital investment from an Abu Dhabi Investment Authority (Adia) subsidiary for its Special Situations strategy, pushing the strategy’s assets under management to USD 5 bn, according to a press release. While the exact value remains undisclosed, the total raised is said to amount to some USD 1 bn, with Adia committing a “significant” portion of that, Bloomberg quotes a source familiar with the matter as saying.

About the fund: Polus’ special situations fund focuses on secondary investments in distressed debt, capitalizing on shifts in enterprise or hard asset values.

Adia is pouring more into alternative funds: In June, the sovereign wealth fund made a USD 199.8 mn investment in Australian real estate private credit company Qualitas Diversified Credit Investments, and an unspecified investment in former Credit Suisse managing director Bobby Jain’s new hedge fund, Jain Global, helping it raise a total USD 5.3 bn ahead of its launch. During the same month, an Adia subsidiary backed European Pemberton Asset Management’s new NAV strategic financing strategy.

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