Abu Dhabi’s new wealth fund ADQ can’t move fast enough

SourceArabian Business
SectorFinancial Markets

Less than two years into frenetic dealmaking that reeled in a haul from pharmaceuticals to agricultural trading, Mohamed Hassan Alsuwaidi’s biggest worry is if he’s moving “fast enough.”

The sense of urgency may seem surprising from the chief executive of Abu Dhabi’s newest sovereign fund, ADQ, which amassed an estimated $110 billion in assets since being founded in 2018, including a 45 percent stake in Louis Dreyfus Company BV.

“We’ll deploy significant amounts this year and over the next five years,” Alsuwaidi, 38, said in a rare interview. “People will be amazed at how much we will be able to deploy in the markets we operate.”

Even in a city that’s among the few globally to manage around $1 trillion in sovereign wealth capital, ADQ has quickly emerged as Abu Dhabi’s go-to lever for addressing its biggest weaknesses.

Although Alsuwaidi wouldn’t specify ADQ’s size, he said an estimate from Global SWF that put it at $110 billion isn’t too far off. Moreover, that number...read more...