Abu Dhabi sovereign investment platform L’imad Capital is preparing to raise capital from external investors for a new investment vehicle focused on private equity and other alternative assets, according to a report by Bloomberg citing unnamed people familiar with the plans.
L’imad Capital, a unit of Abu Dhabi’s approximately $300bn L’imad wealth fund, is being developed as a global investment platform that could invest in private equity funds and pursue direct transactions and co-investments.
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