Abu Dhabi’s newest sovereign wealth fund is reportedly preparing to raise outside money for one unit
Bloomberg says the fund is laying the groundwork to bring in outside investors, a sign Abu Dhabi is looking to attract capital rather than just deploy its own cash.
TLDR
Bloomberg reports that Abu Dhabi’s newest sovereign wealth fund is laying the groundwork to raise money from outside investors for one of its units. It describes the plan as another sign the emirate wants to attract capital, not just deploy its own cash.
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