Abu Dhabi’s sovereign wealth fund, ADQ, has announced a strategic joint venture with Orion Resource Partners to expand its investments in metals and mining.
The 50-50 partnership, based in Abu Dhabi, will focus on critical minerals, reinforcing ADQ’s commitment to economic diversification.
Under the agreement, ADQ and Orion will invest an initial $1.2 billion over four years, targeting mining companies in emerging markets across Africa, Asia, and Latin America. The investment strategy will span multiple asset classes, including equity, senior debt, and production-linked instruments such as royalties.
Founded in 2018, ADQ manages a diverse portfolio across key sectors like energy, healthcare, transport, and logistics. As of June, the fund had $225 billion in assets under management and has been actively investing in industries that support Abu Dhabi’s economic diversification beyond oil revenues.
According to ADQ, the joint venture will strengthen downstream industries such as manufacturing and clean energy, benefiting from a secure supply of essential raw materials. The initiative falls under ADQ’s infrastructure and critical minerals cluster, which also includes Australian infrastructure investor Plenary Group.
The new venture will be led by Philip Clegg, who previously served as Orion’s managing partner
