People Moves: Abu Dhabi Investment Authority appoints Head of Americas for Real Estate
Media Article (Pensions & Investment) -- Pritesh Patel was named Head of Americas in the Real Estate Department at Abu Dhabi Investment Authority (ADIA), a source close to the fund confirmed.
Mr. Patel will start at the sovereign wealth fund, which has about $829 billion in assets, in the summer. ADIA's allocation to real estate is between 5% and 10% of its total portfolio, according to its website.
"ADIA has a world-class team of real estate professionals, and I look forward to meeting my new colleagues in Abu Dhabi in the coming months," Mr. Patel said in a Linkedin post.
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About Abu Dhabi Investment Authority (ADIA)
Abu Dhabi Investment Authority (ADIA) is a sovereign wealth fund. The firm carries out its investment program independently and without reference from the Government of Abu Dhabi. ADIA funding sources derive from oil, especially from the Abu Dhabi National Oil Company (ADNOC). The fund manages a diversified global investment portfolio across more than two dozen asset classes and sub-categories that includes quoted equities, fixed income, real estate, private equity, alternatives, and infrastructure. It was founded in 1976 and is based in Abu Dhabi, UAE.