UAE - Mubasher: Abu Dhabi Investment Authority (ADIA) plans to sell about $2 billion of its stakes in private-equity funds, Bloomberg recently reported.
Currently, ADIA is working with advisers in PJT Park Hill regarding the potential deal, Bloomberg said, citing "people asked not to be identified because the information is private."
The marketing of the deal to potential buyers may begin within weeks.
Moreover, “Final details about the sale, including the portfolio size, could still change,” Bloomberg added.
