The Abu Dhabi Investment Authority will invest in a fund run by private credit manager Christofferson Robb & Co. to gain exposure to the surging market for significant risk transfers.
The vehicle, which will manage ADIA cash only, will invest in parallel to CRC’s existing pooled funds as well as 13 single investor funds, CRC’s Chief Executive Officer Richard Robb told Bloomberg. ADIA, one of the world’s largest sovereign wealth funds, will also acquire a participation interest in CRC, said Robb, without disclosing additional details.
The deal by ADIA comes in the middle of disruption in financial markets and in ...
