One of the big winners of Moderna's FDA approval to produce #COVID19 vaccines is no other than the Abu Dhabi Investment Authority (ADIA), who invested US$ 100m in their Series G, pre-IPO round in February 2018.

After the IPO (the largest ever for a BioTech company) in December 2018 and the COVID19 news this month, the company is now worth circa US$ 55 billion, and #ADIA has made around 22x their money - in less than three years.

We expect #SWFs and #PPFs to play an even more active role in #VentureCapital and #Technology-related businesses in the next decade. Read more in our Annual Report to be released on 1/1 #StateOwnedInvestors2030