A unit of the Abu Dhabi Investment Authority (Adia) participated in Malaysian offshore equipment manufacturer Yinson Production Offshore’s USD 1 bn funding round, according to a press release. The funds came from issuing redeemable convertible preferred shares (RCPS) and warrants through a newly minted UK-based holding company. There is also an option to issue another USD 500 mn in RCPS over the next two years — if all parties agree.

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Who else? Funds managed by British Columbia Investment Management Corporation and RRJ Group also joined the round.

How it is rolling out: The consortium fronted an initial USD 300 mn, “of which USD 200 mn has been used for a special distribution to Yinson,” according to the statement. The remaining USD 700 mn will be provided in up to three separate payments, as requested by Yinson, anytime before December 2026.

By the numbers: RRJ is expected to chip in USD 320 mn to the total, but Adia’s exact contribution was not disclosed.

The big picture: Adia is no stranger to Malaysia. It recently teamed up with GIP, Khazanah, EPF, and BlackRock to snap up a 90% stake in Malaysia Airports. The sovereign wealth fund now owns 30% of the company.

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