Mubadala Capital has commenced operations as a wholly-owned asset management subsidiary of Abu Dhabi-based Mubadala Investment Company.
Established in 2011, the unit currently manages more than $15bn in assets. These include over $9bn in third-party capital vehicles on behalf of more than 50 institutional investors.
Abu Dhabi-headquartered Mubadala Capital operates private equity, public equities, venture capital businesses in addition to a Brazil focused business.
At present, the firm has three private equity funds, two early-stage venture funds, a long-biased public equities fund and two Brazil special opportunities funds.
The firm has offices in New York, London, San Francisco, and Rio de Janeiro.
Mubadala Capital will remain fully owned by Mubadala, which provide it with scale and network required to offer long-term value for its investors and partners.
Mubadala Capital CEO and managing director Hani Barhoush said: “Mubadala Capital has a proven track record of sourcing proprietary investment opportunities and generating attractive risk-adjusted returns, while building trusted long-term partnerships with leading institutional investors.
“By operating as a wholly owned asset, we will be able to accelerate the growth of Mubadala Capital and more rigorously pursue our highly focused investment strategies, while continuing to invest both through our own balance sheet and on behalf of our external investors.”
In August this year, Blackrock made a $1.2bn investment in Mubadala Capital’s private equity business.
This deal also included the acquisition of certain assets from Mubadala’s debut private-equity fund.
The same month, UAE-based investment advisory platform Sarwa raised $15m in a Series B financing round to expand its team size and roll out several new products to address all aspects of personal finance.
In May, McFaddens & Co expanded its global footprint by launching its multi-family office operations in UAE.