Former senior GE Capital executive Sherwood Dodge is joining The Abu Dhabi Investment Authority as the sovereign wealth fund’s global private equity head. He joins following a more than 25-year career at GE, where he most recently served as Deputy CEO of the American company’s auto finance and credit card joint venture with Korean car maker Hyundai.
Whilst at GE, Dodge held several senior positions around the world, heading a number of businesses and leading GE Capital’s private equity activities in the USA and Europe as well as heading the firm’s Corporate Development function between 2011 and 2013.
At ADIA, which reportedly has $700 million under management, he will spearhead the wealth fund’s private equity strategy, overseeing the institution’s investments in private equity funds, principal investments, secondary fund investments and private credit. ADIA invests in the private equity asset class globally, through externally managed funds and direct co-investments in private companies.
Dodge’s appointment is effective immediately and he reports to ADIA’s Executive Director, Private Equities department Hama Shahwan Al Dhaheri.