{"id":89960,"date":"2024-03-13T00:00:00","date_gmt":"2024-03-13T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/adia-boosts-investment-in-private-credit-with-fresh-commitment-to-cheyne-capital\/"},"modified":"2024-03-13T00:00:00","modified_gmt":"2024-03-13T00:00:00","slug":"adia-boosts-investment-in-private-credit-with-fresh-commitment-to-cheyne-capital","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/03\/13\/adia-boosts-investment-in-private-credit-with-fresh-commitment-to-cheyne-capital\/","title":{"rendered":"ADIA boosts investment in private credit with fresh commitment to Cheyne Capital"},"content":{"rendered":"

Abu Dhabi Investment Authority (<\/strong>ADIA<\/a><\/strong>) will up its commitment to <\/strong>London-based <\/strong>alternative asset manager <\/strong>Cheyne Capital<\/a><\/strong>\u2019s <\/strong>capital solutions strategy to GBP 650 mn (USD 831 mn), Bloomberg<\/a> reports, citing a statement. The exact size of the new investment was not disclosed.<\/p>\n

About the strategy: <\/strong>Cheyne\u2019s capital solutions fund offers senior loans against European real estate, intending to transition Europe\u2019s property market \u201caway from increasingly obsolete assets supported by low interest rates,\u201d says Ravi Stickney, managing partner and chief investment officer of Cheyne's real estate arm. The strategy also grants borrowers subordinated debt, hybrid credit, and commercial mortgage-backed securities.<\/p>\n

What they said: <\/strong>\u201cWe have invested with Cheyne for a number of years and welcome the opportunity to grow our relationship. We see this as a compelling investment proposition in a market that is looking to private credit lenders for capital,\u201d ADIA real estate department\u2019s executive director, Mohamed Al Qubaisi, said.<\/p>\n

ADIA <\/strong>\u2764<\/strong>\ufe0f <\/strong>private<\/strong> credit:<\/strong> ADIA previously ventured into private credit in September, backing a USD 5 bn fund<\/a> launched by Wells Fargo alongside asset manager Centerbridge and making a USD 932 mn investment<\/a> in Australian real estate private credit company Qualitas Diversified Credit Investments.<\/p>\n

And it\u2019s not just ADIA: <\/strong>In February<\/a>, sovereign wealth fund Mubadala agreed with Goldman Sachs to co-invest USD 1 bn in private credit in the Asia-Pacific region, with a particular focus on India. The wealth fund also took on the role of anchor investor<\/a> for a private credit fund set up by Starz Real Estate and targeting European property in November 2023<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Abu Dhabi Investment Authority will increase its commitment to Cheyne Capital's capital solutions fund to GBP 650 mn<\/p>\n","protected":false},"author":1,"featured_media":89961,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1557],"tags":[368,7,25,98],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-89960","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-abu-dhabi-investment-authority","tag-enterpriseam-uae","tag-investment-watch","tag-real-estate","wpautop","entry"],"acf":{"mongo_id":"52c6f77d-af6f-4b4b-a6cc-2c73c8650cf6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/3\/1121.jpg","photo_position":"above","homepage_title":"","full_issue_title":"ADIA boosts investment in private credit with fresh commitment to Cheyne Capital","related_issue":[89956],"teaser":"Abu Dhabi Investment Authority will increase its commitment to Cheyne Capital's capital solutions fund to GBP 650 mn","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/3\/.d8293852-762f-4332-b551-29d7c8a5f67b.mp3"},"yoast_head":"\nADIA boosts investment in private credit with fresh commitment to Cheyne Capital - 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