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Mubadala, Cain Venture Aims to Spend Billions on Luxury Property

Mubadala, Cain Venture Aims to Spend Billions on Luxury Property

Bloomberg3 days ago
Mubadala Investment Co. 's asset management unit is teaming up with Cain International on a new venture that seeks to deploy billions of dollars into global luxury real estate, according to people familiar with the matter.
Mubadala Capital and Cain, a $13 billion asset manager, have each committed new capital to the partnership, the people said, asking not to be identified as the matter is private. Their partnership will seek to bolster and expand some of Cain and Mubadala Capital's existing portfolios, while seeking to make new investments into luxury property, the people said.
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