ExodusPoint Raises $2bn as ADIC Joins; AUM Hits $14.5bn

ExodusPoint Capital Management has attracted $2 billion in new investor commitments, including participation from the Abu Dhabi Investment Council (ADIC), bringing the firm’s assets under management to roughly $14.5 billion. Representatives for both ExodusPoint and ADIC declined to comment; unnamed people familiar with the matter confirmed ADIC’s participation.

The capital raise is ExodusPoint’s first significant fund-raising since 2023, when the firm gathered about $1 billion. ExodusPoint, founded by Michael Gelband, posted an 18% return in 2025, its strongest annual result since the firm launched in 2018. The firm expanded its equities trading operations while maintaining an established fixed-income business.

The new commitments reflect continued demand for large multi-strategy hedge fund platforms that provide diversified return sources and access to specialist trading teams across asset classes. Industry figures show assets managed by multi-strategy firms grew strongly over the past year, driven by a combination of investment gains and fresh inflows.

Some of the largest multi-strategy managers have limited asset growth in recent years by capping or returning capital to investors. Firms that have taken such steps include Citadel, D. E. Shaw and Marshall Wace, which have reduced or returned allocations to preserve operational flexibility and performance potential as assets expand.

ADIC is an autonomous arm of Mubadala Investment Company and manages a portfolio estimated at about $160 billion. Under chief executive Saeed Al Mazrouei, the organisation has increased allocations to hedge funds, private credit and insurance-related investments. Abu Dhabi investors more broadly have stepped up activity in hedge funds and other alternative strategies, including the use of separately managed accounts to deploy capital selectively across managers.

The new commitments bring ExodusPoint’s reported AUM to about $14.5 billion and follow the firm’s strong performance in 2025.