ADIA hires ex-KKR executive to lead India, SE Asia PE

Mathur spent nine years at KKR, joining the Singapore office as a director when it opened in 2012. He previously spent a year as an associate at TPG Capital, focused on investments in Southeast Asia, following five years as an investment banker with Citigroup/Salomon Smith Barney. He has also been a member of the Listings Advisory Committee of the Singapore Stock Exchange since 2015.

ADIA, a sovereign wealth fund of the government of Abu Dhabi, invests across a wide range of asset classes, with investments in emerging market equities accounting for 10-20% of the portfolio in its most recent annual review. The fund currently invests in Asia through its Hong Kong office, which opened in 2016.

While ADIA does not publish its financial information, the US-based Sovereign Wealth Fund Institute estimated its global assets under management as of June 2018 at around $683 billion. Private equity, including both direct investments and fund commitments, made up 2-8% of its long-term policy portfolio in 2017.

The fund has been an active investor in India, committing several rounds of funding to renewable energy producer Greenko Energy and purchasing a minority stake last year in KKR India Financial Services, a non-banking finance company (NBFC) backed by KKR. It also committed $1 billion last year to the National Investment and Infrastructure Fund (NIIF), an investment vehicle established by the Indian government to catalyze private investments in infrastructure.

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• Topics
• South Asia
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• Abu Dhabi Investment Authority (ADIA)
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