The Abu Dhabi Investment Authority (ADIA) has reached a milestone surpassing $1 trillion in assets and ranking 4th globally among sovereign wealth funds. ADIA now holds $1.058 trillion joining an exclusive group that includes Norway’s Government Pension Fund ($1.8 trillion), China’s Investment Corporation ($1.3 trillion) and SAFE Investment Company ($1.1 trillion).

Other top GCC sovereign wealth funds include Kuwait’s ($0.98 trillion), Saudi Arabia’s ($0.95 trillion) and Qatar’s ($0.53 trillion). ADIA’s diversified investment strategy spans equities, bonds, real estate and infrastructure. Its private equity allocation grew from 10-15% in 2022 to 12-17% in 2023.

Additionally, ADIA increased its internal asset management from 55% in 2022 to 64% in 2023. For the year ending December 31, 2023, ADIA’s 20- and 30-year annualized returns were 6.4% and 6.8% respectively, slightly down from the previous year’s 7% returns.