Searches and Hires

Abu Dhabi Investment Authority taps AGL for private credit

Abu Dhabi Investment Authority hired AGL Credit Management to run a $500 million in private credit, a spokesman at the $828 billion sovereign wealth fund confirmed.

AGL's private credit strategy invests in bank loans targeting a simple lower-levered stable return. With the addition of the ADIA assets, the AGL strategy now has $650 million in assets under management.

The spokesman did not comment further on the hire.