Abu Dhabi’s lesser-known sovereign wealth unit is catching the eye of the international press, with Bloomberg covering Abu Dhabi Investment Council’s (Adic) pivot toward a louder, more expansion-focused strategy under the auspices of Saeed Al Mazrouei, who took the reins in 2023.

A USD multi-bn player: Founded in 2007 and wholly-owned by Mubadala Investment Company, Adic boasts a USD 160 bn portfolio, putting it firmly in the global lead when it comes to endowment-style funds. The nearest rivals are the Mormon Church’s Ensign Peak Advisors with USD 124 bn, and Harvard Management with USD 84.2 bn.

Adic is now shedding its traditionally quiet presence to focus on expansion while keeping its core endowment characteristics, Al Mazrouei told the news outlet. The SWF is targeting minimum returns of 10%, upping its BTC and alternative asset exposure, and pushing into segments like ins. and secondaries. Its deep capital reserves and lack of payout commitments are giving it an edge on competitors, as it looks to deploy upward of USD 10 bn over the next three years.

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