Rockpoint, a real estate investment management firm, has formed a platform with a subsidiary of the Abu Dhabi Investment Authority. The new investment vehicle will focus primarily on build-to-core industrial investments.

Rockpoint Group is a private equity firm focused on real estate. Rockpoint’s investment team has invested or committed to invest in 460 transactions with a total peak capitalization of approximately $70 billion. The platform will target industrial investment opportunities representing approximately $2 billion in gross asset value.

The Abu Dhabi Investment Authority is an investment institution that invests funds on behalf of the Government of Abu Dhabi through a strategy focused on long-term value creation.

“We are excited to partner with ADIA in a lower-risk vehicle that complements our existing funds and allows us to continue expanding our capabilities and platform in the industrial sector,” said Bill Walton, managing member at Rockpoint.