The Abu Dhabi Investment Council (ADIC) is selling a portfolio of private equity stakes valued between $2 billion and $3 billion. This move, reported by Secondaries Investor, involves ADIC working with investment bank Evercore to offload the holdings. The exact composition of the portfolio remains undisclosed.

ADIC, a major sovereign wealth fund, is actively managing its substantial $150 billion asset base, where private markets investments represent roughly 61 percent of its holdings. This sale is part of ADIC's standard portfolio optimization strategy, involving periodic sales of private equity fund interests, as confirmed by an ADIC spokesperson without specifics. The transaction represents one of the larger secondaries deals this year, following a busy start to 2025 before a recent market slowdown. Factors like delayed year-end valuations and geopolitical tensions, including the US-Israel conflict with Iran, are influencing market dynamics.