The Abu Dhabi Investment Authority (ADIA) has invested in a private credit fund overseen by Hong Kong alternative investment manager Dignari Capital Partners.
The fund, called Asia Pacific Developed Markets Private Credit Strategy, focuses on real estate, targeting financing opportunities for residential, office, retail, student accommodation, service apartments, data centres and logistics assets, with a particular focus on Hong Kong.
ADIA, one of the world’s largest sovereign wealth funds with around US$1.1 trillion of assets under management, announced the investment in a statement on March 14 without disclosing the sum.
According to the wealth fund, the private credit fund bridges banking gaps in markets where robust legal frameworks provide strong creditor protection.
“Private credit is becoming an increasingly important source of solutions capital in Hong Kong’s real estate market — providing tailored financing that complements banks and supports borrowers’ needs for speed and certainty of execution,” says Mohaned Al Qubaisi, executive director of ADIA’s real estate department.
Dignari Capital Partners specialises in private credit and mezzanine debt, managing over $1 billion of assets.
