Emirati sovereign wealth fund Abu Dhabi Investment Authority (ADIA) and global alternative asset manager TPG have agreed to invest US$1.2 billion for a combined 22 percent stake in India-based agrochemical manufacturer UPL Corporation. The company plans to use the funds to support its acquisition of 100 percent of Arysta LifeScience, a U.S.-based producer of crop protection solutions, for US$4.2 billion. ADIA and TPG will each contribute US$600 million to the transaction, which is subject to regulatory approval.