Abu Dhabi authority and Ontario Teachers close Equis investment

12 January 2021 - 12:00 am UTC

The Abu Dhabi Investment Authority, the Ontario Teachers Pension Plan Board and other investors have closed the USD 1.25bn investment in Singapore’s Equis Development that they announced in November, an Ontario Teachers spokesperson said.

Equis was offering investors an 80% share in the fund with its staff committing at least USD 50m, according to a Inframation report from last year. The Singapore manager mandated UBS to lead the capital raise. ADIA and Ontario Teachers were advised by Credit Suisse.

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