also announced in last October an investment of $1 billion into the NIIF.
is expected to bring in $200-250 million in the first fund and will invest the remaining portion in investment vehicles created by the NIIF, it said.
The deal will also see Adia
holding a stake in National Investment and Infrastructure Limited, the NIIFs investment management firm.
Established in 1976, ADIA
is a globally-diversified investment institution that prudently invests funds on behalf of the Government of Abu Dhabi through a strategy focused on long-term value creation.
declined to comment and typically reveals little about its investments.
It was reported that under the deal, ADIA
would finance the purchase and Chartered Land would redevelop and manage the site.
For private equity investments, ADIA
seeks to invest in primary funds, secondary funds, and direct co-investments in private companies, typically along-side external partners.
According to one of the sources, Banco Itau BBA SA is arranging debt financing for Gavea, Goldman and ADIA
that while ADIA
and fellow sovereign wealth fund, the Government of Singapore Investment Corp.
, as the main vehicle, has invested Abu Dhabi emirate's surpluses for future generations.
recently invested $50 million in an India-focused real estate private equity fund run by Red Fort Capital, one of the sources said.
had four departments, all external funds equities on a geographical basis - Europe, North America, Far East and emerging markets.