Sovereign wealth
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Abu Dhabi Wealth Fund Starts Distressed Assets Fund in India
Abu Dhabi Investment Authority set up a distressed assets fund in India, anchoring it with a $500 million commitment. The sovereign wealth fund is partnering with Kotak Investment Advisors Ltd. for the Kotak Special Situations Fund, which will target non-performing loan opportunities in the South Asian nation.
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Click here to read the full story: Bloomberg