Sovereign Wealth Funds

The Abu Dhabi Investment Authority (ADIA) is a globally diversified investment institution that manages funds for the Abu Dhabi government. As the world’s third-largest sovereign wealth fund, ADIA invests up to 60% of its portfolio in North America across more than two dozen asset classes. Its overall investment strategy focuses on long-term value creation.

The Investment Corporation of Dubai (ICD) is the leading investment arm of the Government of Dubai. Its portfolio manages over $400 billion across a broad range of sectors and locations, reflecting Dubai’s focus on growth and diversification. The portfolio includes some of Dubai’s most iconic companies such as Emirates Airline, Emirates NBD, EMAAR, Dubai Holding and Emirates Global Aluminium (EGA). ICD also oversees key US investments, including EGA’s multi-billion dollar aluminum smelter in Oklahoma, the US’s first new smelter in nearly 50 years.

Mubadala is an Abu Dhabi sovereign investor with $330 billion in assets under management. The fund drives global economic diversification and delivers sustainable returns for the Government of Abu Dhabi. With 40% of its portfolio invested in the US, Mubadala backs a range of projects across the country, including GlobalFoundries in New York, Waymo in California and PCI Pharma Services in Pennsylvania.

L’IMAD Holding Company Abu Dhabi sovereign wealth fund L’IMAD Holding Company operates under a broad investment mandate to drive economic diversification and growth for the Emirate. Formed by consolidating key Abu Dhabi assets—including ADQ—L’IMAD oversees major UAE entities such as TAQA, Etihad Airways, McLaren and Abu Dhabi Ports. The company also manages high-profile US investments, including a $25 billion joint energy venture with Energy Capital Partners.

The Abu Dhabi Investment Council (ADIC) is a global sovereign wealth fund wholly owned by Mubadala Investment Company. The fund employs an endowment investment model, deploying capital through funds and co-investments across sectors including technology, real estate and private credit. ADIC maintains a diversified portfolio with 53% of its assets deployed in North America and significant allocations in the US. It invests alongside top US asset managers like Bain Capital and Starwood Capital Group.

The Emirates Investment Authority (EIA) is the only federal sovereign wealth fund in the UAE, investing in a diversified portfolio of local and international assets to generate sustainable returns for the UAE government. EIA’s portfolio includes key stakes in UAE telecommunication firms e& and Du as well as federal entities such as Emirates Post and Emirates Transport.