Abu Dhabi Investment Authority picks emerging markets private equity exec

Christophe Florin was named head of emerging markets fund investments within Abu Dhabi Investment Authority's private equities department, spokesman Erik Portanger said.

The position is new. Mr. Florin's appointment is part of ADIA's recent expansion of its private equities team, according to sources familiar with the fund.

He was formerly chief operating officer and member of the executive board at AXA Private Equity, where a spokesman declined to comment on whether Mr. Florin will be replaced. Parent company AXA Group is considering a sale of AXA Private Equity.

While ADIA does not publish total assets, the sovereign wealth fund is estimated to have about $627 billion in assets, making it the world's largest by asset size, according to the Sovereign Wealth Fund Institute.

The fund's target for private equity is between 2% and 8% of total assets, according its latest annual report published in 2011.