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Mubadala Capital
Mubadala Capital was formed in 2011 as the asset management arm of Mubadala Investment Company, Abu Dhabi's sovereign investor.
Mubadala Capital
Mubadala Capital was formed in 2011 as the asset management arm of Mubadala Investment Company, Abu Dhabi's sovereign investor. In 2017 it became one of the first sovereign-wealth-affiliated managers to raise third-party capital from institutional investors globally, operating both closed-end funds and evergreen vehicles alongside its own balance sheet. The firm's sovereign parent remains the first and largest investor in each strategy — a structural alignment that distinguishes it from fully independent GPs. The platform deploys capital across private equity, special situations in Brazil, venture capital, and a solutions business that covers primaries, secondaries, and co-investments. Private equity targets complex transactions in developed markets, while the Brazil book manages assets acquired at discounts to intrinsic value. Venture backs founders in technology and healthcare. The firm also holds a jointly owned credit manager, Silver Rock Financial, and strategic stakes in CI Financial — a North American wealth manager acquired for C$12.1 billion — plus insurance platforms Aquarian Insurance Holdings and FWD, and a real estate partnership with Cain International. Recent transactions illustrate the range. In 2024, Mubadala Capital-backed Corient agreed to acquire two European wealth managers, adding to a $214 billion asset pool. The firm also took a large stake in a US credit fund and agreed to buy CI Financial for C$12.1 billion, deepening its private-wealth footprint. It operates from Abu Dhabi, Chicago, and Cambridge, deploying alongside sovereign co-investors and family offices, and has begun exploring digital access to private markets through a partnership with KAIO. Mubadala Capital's structural differentiator is a hybrid architecture: it operates as a performance-driven GP raising institutional funds while remaining wholly owned by a sovereign with permanent capital. That lets it hold assets longer, underwrite complexity that return-chasing funds may avoid, and offer co-investors a gateway to deal flow sourced through Abu Dhabi's sovereign network — a posture closer to a strategic partner than a conventional fund manager.
General information
Firm type
Generic
Year founded
2011
AUM
Undisclosed
Location
Region
North America
Country
United Arab Emirates
City
Abu Dhabi
Corporate office
Abu Dhabi, United Arab Emirates
Additional offices
Chicago · Cambridge
Sector focus
Frequently asked questions
Who owns Mubadala Capital and how does that shape its investment approach?
Mubadala Capital is wholly owned by Mubadala Investment Company, Abu Dhabi's sovereign investor. The parent is the first and largest LP in every fund, creating strong alignment. The sovereign connection provides permanent capital and access to a global network that sources complex, proprietary transactions — a structure that lets the firm underwrite deals other managers might avoid.
Does Mubadala Capital manage only sovereign capital, or can outside investors participate?
Since 2017 it has raised third-party capital from institutional investors, family offices, and private wealth clients. The firm runs closed-end funds, SPVs, and evergreen vehicles. Its solutions business also provides primaries, secondaries, and co-investment access to outside LPs, making it a hybrid sovereign-affiliated GP rather than a pure captive allocator.
What is Mubadala Capital's exposure to Brazil?
Brazil is a dedicated strategy within the firm, run as 'Special Opportunities – Brazil.' It actively manages assets acquired at discounts to intrinsic value across diverse sectors, applying operational expertise to unlock full value from complex situations.
How does Mubadala Capital's private-wealth strategy function?
It operates through strategic holdings rather than a branded wealth-management division. The largest piece is CI Financial, one of North America's biggest wealth and asset managers, which Mubadala Capital agreed to acquire for C$12.1 billion in 2024. The firm also holds stakes in insurance platforms and a credit manager, building a multi-channel private-wealth ecosystem.
What role does credit play at Mubadala Capital?
Its primary credit exposure comes through Silver Rock Financial, a jointly owned credit-focused manager that operates independently. In 2024, Mubadala Capital also took a large stake in a US credit fund, signaling appetite for scaling credit strategies alongside its equity and venture businesses.
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