Abu Dhabi Sovereign Funds on the Global Map after New Deals
New deals across the globe have put a relatively new Abu Dhabi sovereign fund in the limelight. According to Bloomberg News, Lime, an electric scooter and bike start-up based in the U.S., entered into a convertible debt deal on Friday. Investment by Abu Dhabi Growth Fund was followed by an agreement with Indonesia by Lime. According to the Website of the Abu Dhabi Growth Fund (ADG), it is one of the few funds to manage $1 trillion in sovereign wealth capital and has a unique risk profile. The fund was set up in July. Apart from ADG, Mubadala Investment Co and Abu Dhabi Investment Authority, with an estimated $243 billion and $829 billion in assets, are based in Abu Dhabi. The UAE government also set up ADQ in 2018 to take over some of the biggest assets of emirates.
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