Abu Dhabi Investment Council
Abu Dhabi sovereign investment organisation established in 2007 and wholly owned by Mubadala since 2018, investing through funds and co-investments with reported assets above 160 billion US dollars.
Industry: Sovereign investment | Location: Abu Dhabi, United Arab Emirates | Founded: 2007
About Abu Dhabi Investment Council
The Abu Dhabi Investment Council, known as ADIC, is a sovereign investment organisation of Abu Dhabi. Its website describes it as a sovereign wealth fund wholly owned by Mubadala Investment Company and reports assets under management of more than 160 billion US dollars. It invests with an endowment investment model across asset classes and geographies, mainly through funds and co-investments.
ADIC says it was established in 2007. Wikipedia describes it as a spin-off of the Abu Dhabi Investment Authority that began operations in April 2007. ADIC's own history states that it moved to Al Bahr Towers in 2012, joined Mubadala in 2018, rebranded in 2024 and opened a New York office in 2025. It now serves as Mubadala's indirect investment arm, while Mubadala makes direct investments. H.E. Khaldoon Khalifa Al Mubarak, Mubadala's Managing Director and Group CEO, chairs the board. Saeed Al Mazrouei is Managing Director and CEO; he also chairs Awqaf Abu Dhabi.
ADIC invests through five departments: Private Equity, Capital Solutions, Real Assets, Public Markets and Secondaries. Private Equity covers buyouts, growth equity and venture capital, Real Assets covers infrastructure and real estate, and Public Markets runs a hedge fund mandate and a global equities portfolio. Its website reports a geographic split of 54 percent United States, 15 percent Europe and 31 percent rest of the world, and names Apollo, Blackstone, Bain Capital, Ares, CVC Capital Partners and Starwood among its partners.
Bloomberg reported in June 2026, citing unnamed people, that ADIC was considering up to 15 billion dollars of debt-funded hedge fund exposure through total return swaps arranged with local banks. Hedgeweek reported that ADIC had also taken part in a 2 billion dollar capital raise by ExodusPoint Capital Management. In July 2026 Enterprise reported, citing Bloomberg, that ADIC had committed about 1 billion dollars to the London hedge fund Deem Global. ADIC did not comment beyond saying it sees value in hedge fund strategies for diversification and downside protection. Reports say it has an internal return target of at least 10 percent.
The pages read give no ADIC revenue or net income figures.
Leadership
- Fraz Siddiqui, Chief Financial Officer
- Mansour Al Ketbi, Chief Operating Officer
- Enrico Massignani, Chief Risk Officer
- Ben Samild, Chief Strategist
- Shiv Srinivasan, Chief Investment Officer, Public Markets
- Lori Hall-Kimm, Chief Investment Officer, Private Equity
- Edward Winter, Chief Investment Officer, Real Assets
- Sebastian Makfalva, Chief Investment Officer, Capital Solutions