The Abu Dhabi Investment Authority (Adia), one of the world’s largest sovereign wealth funds, is bullish on the real estate sector's private credit space and senior housing assets, a senior executive said.
“We invest in both equity and in debt and I would say that private credit in the real estate space is still an attractive place,” Alexander Goldman, global head of real estate at Adia, told a panel at Abu Dhabi Finance Week on Tuesday. “We're still seeing returns in the low teens, which, on a risk-adjusted basis, is a very attractive return.”
Adia, which does not disclose its assets, invests on behalf of the Abu Dhabi government. It is the largest sovereign wealth fund in the Gulf, with assets of about $1.1 trillion, consultancy Global SWF said.
Adia makes direct and indirect
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