Abu Dhabi Investment Authority (Adia) is deepening its exposure to China, with one of its subsidiaries taking the lead investor role in a flagship fund managed by Beijing-based CDH Investments.
The fund, a multi-asset continuation vehicle, was valued at $770 million as of 31 December 2024 and primarily invests in mid- to large-cap assets with Chinese exposure, the sovereign wealth fund said in a statement. Adia did not disclose the exact size of its investment.
Continuation funds are private equity structures that allow firms to transfer existing holdings, enabling investors to either maintain or exit their positions in those assets.
“This transaction underscores our continued interest in investing in high-quality assets in China, and demonstrates our ability to invest flexibly and via different deal structures,” said Hamad Shahwan Aldhaheri, executive director of Adia’s private equities department.
