The Abu Dhabi Investment Authority injects one billion dollars into the private investments of the asset management company “Pemberton Asset Management.”
Asset management company operates Pemberton Asset Management“, to raise at least one billion dollars, in cooperation with Abu Dhabi Investment Authority To support private equity companies by granting them specialized loans.
Abu Dhabi Investment Authority invests in Pemberton Company
It will operate as a wholly owned subsidiary Abu Dhabi Investment Authority(ADIA), which manages nearly $1 trillion in assets, has been appointed as the lead investor in Pemberton Private Credit Management’s new NAV strategic financing strategy, according to a statement.
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The exact size of the investment was not disclosed, but the first closing of the strategy is expected to reach more than $1 billion, along with commitments from other undisclosed investors.
Pemberton Asset Management’s new strategy
Pemberton explained that the new strategy will focus on financing granted on the basis of net asset value (NAV) financing, and will provide companies that make acquisitions with capital that will help them increase their obligations, or make acquisitions of small companies operating in the same field.
This form of financing is increasingly popular among private equity players, as traditional forms of raising capital become more difficult to access.
The agency’s recent investments in private companies
And pumping Abu Dhabi Investment Authority Recently, it invested $1 billion in a new private credit fund of Barclays Bank and credit management company AGL, and strengthened its commitment to the capital solutions strategy of Cheney Capital, a London-based alternative asset manager, with a value of £650 million.
The agency previously entered into private credit operations in September, as it supported a $5 billion fund launched by Wells Fargo Bank, in cooperation with the asset management company Centerbridge, and invested $932 million in the Australian real estate private credit company, Qualtas Diversified.
