CRC and Abu Dhabi Investment Authority launch SRT fund

Christofferson Robb & Company (CRC) and the Abu Dhabi Investment Authority (ADIA) have launched a new fund to invest in significant risk transfers (SRTs) and other growth strategies managed by CRC, the firms announced on 12 March 2026. Under the agreement, ADIA will also acquire a participation interest in CRC, the private credit manager, marking a strategic partnership between the US- and Europe-focused SRT specialist and the Abu Dhabi sovereign wealth fund.

"We are proud to partner with ADIA, which is among the world's most established investors," said Richard Robb, chief executive of CRC. "It will bring new capabilities that will benefit CRC's bank counterparties and all our investors."

Context and details

• The new vehicle will target significant risk transfers (SRTs) alongside other growth strategies managed by CRC, a firm founded in 2002 that specialises in structured credit solutions.
• As part of the transaction, ADIA will acquire a participation interest in CRC, aligning with its stated strategy of backing differentiated private credit platforms focused on targeted market segments.
• "This investment aligns with our strategy of backing differentiated private credit platforms, targeting specific market segments. CRC has earned a reputation as one of the leading counterparts for European banks seeking capital solutions," said Hamad Shahwan Aldhaheri, executive director of the private equities department at ADIA.
• CRC has invested in more than 200 bilateral SRT transactions with European banks to date, positioning the firm as an experienced counterparty for bank capital solutions.
• The firm reported assets under management of $9.8bn (£7.3bn) as of 31 December 2025, and maintains offices in New York, London, Tokyo and Milan, underscoring its international footprint across major banking and insurance markets.
• The announcement follows broader interest from sovereign and institutional investors in private credit strategies and bespoke bank-capital solutions across Europe and other jurisdictions.

Outlook

The partnership gives CRC expanded backing from one of the world's largest sovereign investors and provides ADIA with direct exposure to a specialist private credit manager focused on SRTs. For CRC, the capital and strategic relationship with ADIA are framed as a way to "bring new capabilities" to its bank counterparties and investors, potentially enhancing capacity to underwrite larger or more complex SRT transactions.

For ADIA, the deal fits a deliberate move to back differentiated private credit platforms that address specific market segments, according to Aldhaheri. How the fund performs will depend on market dynamics for bank balance sheet optimisation, regulatory drivers for SRTs across Europe, and CRC’s ability to deploy capital in transactions that meet both risk-transfer and return objectives.