Abu Dhabi Investment Authority

The Abu Dhabi Investment Authority (ADIA) is a sovereign wealth fund owned by the Emirate of Abu Dhabi in the United Arab Emirates, founded on March 21, 1976 when Sheikh Zayed bin Sultan Al Nahyan converted the earlier Financial Investments Board into a dedicated investment authority. It invests the emirate's surplus oil revenues on behalf of the Government of Abu Dhabi, favoring low-risk, long-term returns spread across equities, fixed income, real estate, private equity and other asset classes managed through specialized sub-funds. With assets under management exceeding a trillion US dollars, roughly 70 to 80 percent of which are managed by outside fund managers, it ranks among the world's largest sovereign wealth funds.