The head of the Abu Dhabi Investment Authority’s private equity team has stepped down from his role after almost 20 years leading the roughly $60 billion unit, which is about to enter a new phase of recruitment.

Hareb Al Darmaki, who most recently served as executive director of the sovereign wealth fund's private equity department, has taken on a new role as adviser to Adia managing director Sheikh Hamed bin Zayed Al Nahyan, according to an email to contacts seen by Financial News.