Abu Dhabi – Mubasher: The Abu Dhabi Investment Authority (ADIA) on Tuesday announced the acquisition of a minority stake in the Indian investment firm KKR.
“ADIA’s investment in KIFS gives us a high-caliber partner to work alongside as we further scale our platform and deliver creative solutions in the market,” said BV Krishnan, a KKR’s board member.
“Becoming a shareholder in KIFS is consistent with ADIA’s approach of seeking principal investments in market-leading businesses alongside strong and high-quality partners,” Hamad Shahwan AlDhaheri, ADIA’s private equities executive director commented.
ADIA’s assets reached $773 billion at the end of 2016, according to Sovereign Wealth Fund Institute’s (SWFI) data.
