The Abu Dhabi Investment Authority is resuming its global push in 2025, with two investments in US firms.

#1- Adia + Advent International complete USD 3 bn investment in Fisher Investments: An Abu Dhabi investment Authority (Adia) unit and US-based private equity firm Advent International completed their USD 3 bn minority investment in Texas-based wealth management firm Fisher Investments that values the firm at USD 12.8 bn, according to a press release. The acquisition comes as part of Fisher’s “long-term estate planning” strategy. The wealth manager manages USD 300 bn in assets currently.

REFRESHER- Last June, Advent and Adia revealed plans to make a minority investment of between USD 2.5-3 bn in the firm. The acquisition was slated to close later in 2024 pending approvals and conditions.

Ken Fisher retained majority ownership of FI, with over 70% of voting shares, and will stay on board as the company’s executive chairman and co-chief investment officer, while Damian Ornani will continue as CEO.

ADVISORS- Gibson Dunn is legal advisor to Adia, while Ropes & Gray is providing counsel to Advent. JP Morgan Securities and RBC Capital Markets are joint financial advisors and Paul Hastings served as legal advisor to Fisher Investments.

#2- Adia also participated in a USD 144 mn funding round for Massachusetts-based seed gene-editing startup Inari, joining as a new investor, according to a statement. The funding round also saw participation from existing investors, including Hanwha Impact, NGS Super, the State of Michigan Retirement System and company founder Flagship Pioneering.

Who is Inari? The startup focuses on seed technology for large-acre crops, with the goal of improving crop yields.

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