The Abu Dhabi Investment Authority (Adia) is investing up to $1.5bn in Singapore-based GLP, strengthening the logistics investment group’s position across its global platforms, according to a report by The National.

An initial $500m commitment will be deployed through one of Adia’s subsidiaries, with the full investment earmarked to support GLP’s logistics, digital infrastructure, and renewable energy businesses. The move comes as these sectors gain momentum from e-commerce expansion, artificial intelligence, cloud adoption, and the global energy transition.

Ming Mei, co-founder and chief executive of GLP, said: “With this enhanced capital base and strategic alignment, this investment further positions us to accelerate growth and take advantage of the significant market opportunities we see associated with the secular expansion of new economy sectors in which we operate.”

GLP manages about $80bn in assets through GLP Capital Partners. The firm said the Adia deal reflects its strategy of strengthening ties with global investors.

Adia, which has assets estimated at $1.1tn, has invested in GLP funds for several years. Mohamed Al Qubaisi, executive director of Adia’s real estate department, said: “This transaction will allow us to deepen that relationship, support the company in its next phase of growth and scale our exposure to new economy sectors, in line with our strategy.”

The sovereign wealth fund has been expanding its private equity allocation. In 2024, Adia partnered with Advent International to invest up to $3bn for a minority stake in U.S.-based Fisher Investments.

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