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An investment firm tied to a member of the Abu Dhabi royal family is planning a new $10B investment push into the U.S. and Europe.
The Royal Group, chaired by United Arab Emirates national security adviser Sheikh Tahnoon bin Zayed Al Nahyan, is considering equities, fixed income and physical assets like real estate, although the plans aren't finalized, Bloomberg reports. This strategy is a pivot from the firm's original investments across the developing world, specifically in India.
The Royal Group is in charge of the world's biggest family fortune through a web of subsidiaries, according to Bloomberg. The firm also plans to offload some of its riskier assets as part of the strategic pivot.
Royal Group is in tight competition with the region's largest wealth funds like the Abu Dhabi Investment Authority, the third-largest sovereign wealth fund in the world, which has also pivoted its real estate priorities to align with big private equity firms like Blackstone and Carlyle.
In May, the fund invested in the U.S. industrial market by acquiring $2B in assets through a partnership with Boston-based investor Rockpoint.
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