Abu Dhabi Investment Authority: AUM Change of +6.4% from 2023 to 2024

What we found

The numbers

As of 2024, the Abu Dhabi Investment Authority reported assets under management of $1 trillion USD. Other figures cited for the same year include $1.057 trillion USD, $1.796 trillion USD, $1.332 trillion USD, and $1.090 trillion USD. Additional 2024 valuations listed are $980 billion USD, $925 billion USD, $526 billion USD, $330 billion USD, and $249 billion USD. At the end of 2023, assets under management stood at $940 billion USD. The change in assets under management from 2023 to 2024 was +6.4%. In 2024, the allocation share was 40%. [1] [3] [6]

What the plan says it wants

The Abu Dhabi Investment Authority states its objective is to maintain a highly diversified portfolio that spans geographies, asset classes, and asset types. This diversification is intended to enable the generation of consistent, long-term returns throughout market cycles. The authority emphasizes maintaining a firm focus on the future as part of its investment horizon. To support these goals, the plan highlights the maintenance of rigorous due diligence and governance standards, which provide credibility to portfolio selections. In terms of specific capital allocation, the strategy prioritizes the technology, renewable energy, and healthcare sectors through 2026. The 2026 investment themes identified include artificial intelligence applications, energy transition technologies, biotechnology innovation, and digital infrastructure. These thematic areas align with the broader commitment to prioritized capital allocation in key sectors. The stated strategy combines the pursuit of long-term financial performance with strict adherence to governance protocols. By spanning various geographies and asset types, the portfolio aims to remain resilient across different market conditions. The focus on future-oriented investments, such as digital infrastructure and biotechnology, reflects the authority’s strategic direction. Rigorous due diligence remains a central component of how portfolio selections are evaluated and maintained. The integration of these elements—diversification, long-term returns, governance, and thematic focus—defines the core of the stated investment plan. [2] [7]

What it realized

The Abu Dhabi Investment Authority has recorded various financial outcomes across different metrics and time periods. According to data from outlookbusiness.com, the number of exits is reported as 2,390 in one instance and 2,873 in another. Other sources indicate different figures for exits, including 39.2 from economictimes.indiatimes.com, $750 million from au.finance.yahoo.com, 39.2 crore from economictimes.indiatimes.com, and 22.1 from economictimes.indiatimes.com. Percentage-based exit figures are also documented, with values of 2.10% and 1.15% as of 2025, and 8.5% as of 2025, all cited from economictimes.indiatimes.com. In terms of returns, hindi.economictimes.com reports a figure of 10% as of 2026. Additionally, blog.magnateassets.com notes commitments of £3.4 billion as of 2026. These figures represent the realized outcomes and commitments associated with the investor as detailed in the provided facts. [8] [9] [13] [14] [15]

The people

Abu Dhabi Investment Authority describes its workforce as being as international as its investments, noting that the team brings together an array of skills and experiences to create a collaborative and stimulating workplace. In 2026, the Abu Dhabi Investment Council appointed Lori Hall-Kimm as Chief Investment Officer for private equity. The announcement did not include an effective start date, nor did the council name a predecessor in the position or specify when she would take up the role. Her previous employer, the Healthcare of Ontario Pension Plan, confirmed that she departed as of 21 August 2026. Prior to this appointment, Mark Cormier and Roman Gula had been named acting co-heads of the private equity business. Before joining the Healthcare of Ontario Pension Plan, Hall-Kimm spent six years at CPP Investments, where she most recently served as managing director, direct private equity. The move takes one of Canada's more senior institutional private equity investors into a fund with assets of about 160 billion dollars. [2] [10]

What the fund says

The Abu Dhabi Investment Authority states that it invests public surplus funds for long-term returns. The fund describes its approach as using a global, diversified, and long-term strategy to support the long-term prosperity of Abu Dhabi. According to the fund, it has a highly diversified portfolio that spans geographies, asset classes, and asset types, enabling it to generate consistent, long-term returns throughout market cycles. The portfolio spans more than two dozen asset classes and subcategories. Its public ranges cover developed and emerging market shares, government bonds, credit, financial alternatives, real estate, private equity, infrastructure, and cash. The fund reports assets under management of $1 trillion USD as of 2024. Other reported figures include $1.057 trillion USD as of 2024, $940 billion USD as of the end of 2023, and $500 billion USD as of April 1, 2006. Additional reported values are $1.332 trillion and $1.796 trillion. [2] [3] [4] [5]

What the press says

Press reports from en.aletihad.ae cite varying figures for the Abu Dhabi Investment Authority's assets under management as of 2024. These estimates include $1 trillion USD, $1.057 trillion USD, $1.796 trillion USD, $1.332 trillion USD, and $1.090 trillion USD. Other reported values are $892 billion USD, $940 billion USD, $980 billion USD, $925 billion USD, $526 billion USD, $330 billion USD, and $249 billion USD. According to euromoney.com, the fund manages the emirate’s excess oil reserves, which are estimated to be as much as $500 billion. The same source notes that the portfolio grows at an annual rate of about 10% compounded. boycottuae.org describes ADIA as one of the world's largest sovereign wealth funds. It states that the entity manages hundreds of billions of dollars in assets across numerous countries and sectors. These sectors include infrastructure, real estate, private equity, technology, and financial services. The source also notes that ADIA did not receive a substantive response regarding BoycottUAE research. [3] [4] [11] [12]

Where the sources disagree

• Sources disagree on the value of exits, with one reporting 39.2 crore and another reporting $750 million, a discrepancy of 1913265206%. [9] [13]

Analysis

The fund's assets under management increased by 6.4 from 2023 to 2024, indicating growth in the capital base you are targeting. This expansion suggests the investor has more resources available for new commitments, which could strengthen your position when negotiating terms or seeking larger allocations. [3]

Pros and cons for a GP raising capital from this investor

Pros

• Change in aum from 2023 to 2024: +6.4%. [3]
• ADIA’s assets under management grew by 6.4% from 2023 to 2024, reaching $1 trillion, signaling a robust capital base that can support large-scale commitments to your fund. [3]
• The fund’s portfolio grows at an annual rate of about 10% compounded, indicating strong capital accumulation that enhances its ability to sustain long-term investment horizons. [4] [12]
• ADIA has completed 2,390 exits, demonstrating a proven track record of liquidity management and realization of value, which reduces the risk of capital lock-up for your fund. [8]
• With a highly diversified portfolio spanning more than two dozen asset classes and subcategories, ADIA offers stability and consistent long-term returns throughout market cycles, providing a reliable partner for your fund’s growth. [2] [5]
• ADIA maintains rigorous due diligence and governance standards, ensuring credibility in portfolio selections and reducing operational risks for your fund. [7]

Cons

• The fund’s AUM figures are inconsistent across sources, ranging from $249 billion to $1.796 trillion, which creates uncertainty about the true scale of capital available for new commitments. [3]
• ADIA’s portfolio is heavily concentrated in a few sectors, with technology, renewable energy, and healthcare receiving prioritized capital allocation, which may limit diversification benefits for a GP seeking broad-based exposure. [7]
• The fund’s stated strategy emphasizes long-term returns and consistency, which may result in slower decision-making and less flexibility for a GP needing rapid capital deployment or short-term liquidity. [5]
• ADIA’s governance standards, while rigorous, may involve lengthy due diligence processes, potentially delaying investment decisions and increasing the time-to-close for a GP raising capital. [7]