A subsidiary of the Abu Dhabi Investment Authority (ADIA) has made an investment in Dignari Capital Partners (DCP), a Hong Kong-based manager specialising in private credit.
The sovereign wealth fund’s wholly owned unit has allocated capital to Dignari’s Asia Pacific Developed Markets Private Credit Strategy, which targets private credit opportunities linked to real estate.
According to a statement from DCP, the fund will extend financing to property developers, construction firms and related industries across developed Asia-Pacific markets, with a strong emphasis on Hong Kong. Financial details of the investment were not disclosed.
ADIA, which oversees more than $1 trillion in assets for the Abu Dhabi government, has been steadily increasing its allocation to private credit, particularly within the real estate sector. Earlier this week, the fund revealed a partnership with French private investment firm Ardian to launch a real estate secondaries platform.
In a separate development, Christofferson, Robb & Company (CRC), a private credit manager headquartered in New York and London with $9.8 billion in assets under management, has agreed with an ADIA subsidiary to create a new fund focused on Significant Risk Transfer (SRT) transactions and other growth strategies overseen by CRC. As part of the arrangement, ADIA will also take a participation interest in the firm.
