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Abu Dhabi Investment Authority (ADIA) has made a capital commitment to Polus Capital Management, a London-based credit investor
The funding from a wholly-owned subsidiary of the sovereign wealth fund is for Polus’ Special Situations strategy, which invests in “stressed and distressed “corporate debt.
ADIA, a diverified global investor controlling nearly $1 trilllion of assets, is pushing more investments into private credit as it looks to pick up distressed assets.
Following ADIA’s commitment, Polus' Special Situations strategy has approximately $5 billion of assets under management (AUM).
Hamad Shahwan Aldhaheri, Executive Director of the Private Equities Department at ADIA, said: "Polus is one of the leading alternative credit managers in Europe with a large, experienced team, a differentiated strategy and a strong track record.”
(Writing by Brinda Darasha; editing by Seban Scaria)
