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Cheyne Capital has secured investment from a subsidiary of Abu Dhabi’s biggest sovereign wealth fund for its European real estate debt fund, according to a joint statement on Tuesday, as appetite from GCC state investors for private credit booms.
The London-based hedge fund said the investment, from the Abu Dhabi Investment Authority’s (ADIA) unit, was for the ninth round of the Cheyne Real Estate Credit Holdings (CRECH) programme, also known as its Capital Solutions strategy, bringing…