Key Takeaways
- • The King Abdullah University of Science and Technology (KAUST) Endowment is marketing a secondaries portfolio of at least $1bn in size, according to PEI Secondaries Investor.
- • Abu Dhabi Investment Authority (ADIA) has bought into the portfolio sale, per the same report.
- • The transaction illustrates continued institutional LP-side liquidity activity in the secondaries market by Middle Eastern endowments.
Summary
The King Abdullah University of Science and Technology Endowment is shopping a portfolio of limited partnership interests valued at at least $1bn, PEI Secondaries Investor understands. The sale is a limited partner-led secondaries transaction, part of the growing trend of institutional investors monetizing fund stakes to generate liquidity.
According to PEI Secondaries Investor, the Abu Dhabi Investment Authority (ADIA) has bought into the portfolio sale. The primary article is brief and does not disclose further details on pricing, the composition of the underlying portfolio, or the final size of ADIA's participation.
The story is relevant to allocators tracking LP-led secondaries supply from Middle Eastern institutions, as well as to secondaries buyers evaluating the depth of available deal flow in the region.
According to PEI Secondaries Investor, the Abu Dhabi Investment Authority (ADIA) has bought into the portfolio sale. The primary article is brief and does not disclose further details on pricing, the composition of the underlying portfolio, or the final size of ADIA's participation.
The story is relevant to allocators tracking LP-led secondaries supply from Middle Eastern institutions, as well as to secondaries buyers evaluating the depth of available deal flow in the region.
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