Latest news with #MubadalaCapital
Khaleej Times
20-05-2025
- Business
- Khaleej Times
Mubadala's assets under management grew to Dh1.2 trillion in 2024
Mubadala Investment Company, the Abu Dhabi–based sovereign investor, on Thursday reported that its assets under management grew 9.1 per cent year-on-year in 2024 to Dh1.2 trillion, with annualised returns of 10.1 per cent over five years. Capital deployed grew 33.7 per cent year-over-year to Dh119 billion. Proceeds, including monetisations, grew 10 per cent year-over-year to Dh109 billion. Mubadala's portfolio mix remained broadly consistent year-over-year: 40 per cent in private equity, 23 per cent in public markets, and 17 per cent in infrastructure and real estate. The company raised Dh30.5 billion through a range of capital market instruments, including the world's first AA-rated sovereign sukuk, a bond with the tightest credit spread ever issued in emerging markets, Mubadala's first dirham-denominated global sukuk and the first Euro-denominated 6- and 7-year corporate facilities in the EMEA region. 'This year marked two decades of disciplined financial performance as an investor central to the UAE's long-term competitiveness. Our 2024 results and portfolio growth reflect Mubadala's focused and resilient strategy, with risk-adjusted returns in sectors where we have conviction,' said Khaldoon Khalifa Al Mubarak, Managing Director and Group CEO. 'Our portfolio has been constructed to navigate market cycles and scale future-focused sectors—from AI and clean energy to life sciences, semiconductors, and advanced manufacturing—all aligned with our national priorities. A growing number of best-in-class investors also continued to partner with Mubadala across key geographies and sectors, reflecting confidence in our approach and long-term strategy. We will work to deepen these partnerships, invest in advancing innovation and create new entities in Abu Dhabi and around the world.' 'Mubadala's 10.1 per cent return over the last five years reflects our disciplined capital allocation strategy, resilient execution and consistent focus on long-term value creation,' said Carlos Obeid, Group Chief Financial Officer. 'We continue to grow and diversify across sectors and geographies, supported by a strong balance sheet, a low cost of debt, and a conservative gearing ratio of 7.8 per cent, which positions us well for future investments.' In 2024, Mubadala continued to be a key driver of innovation, economic diversification, and job creation in the UAE, reinforcing the country's position as a global hub for capital and future-focused industries. Mubadala's portfolio continued to expand across North America, Europe, and Asia, guided by long-term investment horizons and aligned with global growth trends and Abu Dhabi's economic vision. Mubadala Capital, now managing $30 billion (Dh110.2 billion), two-thirds on behalf of global investors, grew its international footprint by acquiring Fortress Investment Group and establishing a $1 billion (Dh3.6 billion) partnership with Silver Rock Financial. Mubadala's private credit portfolio grew to US$20 billion (Dh73.5 billion), supported by deep, trusted partnerships with institutions including Apollo, Ares, Carlyle, Goldman Sachs, and KKR. Since 2021 the company has not disclosed annual financial figures such as revenue or net income but has disclosed its rolling 5-year IRR and, in 2024, has begun publishing its 10-year rolling IRR which in 2024 was 8.7 per cent.
Bloomberg
05-05-2025
- Business
- Bloomberg
How Abu Dhabi's $1.7 Trillion Wealth Funds Collaborate — And Compete
Welcome to the Mideast Money newsletter, I'm Adveith Nair. Join us each week as my team and I chronicle the intersection of money and power in a region that's become one of the most influential in global finance. You can sign up here. This week: Mubadala Capital's rare stake sale, potential easing of AI chip curbs on the UAE and the Trump Organization's $20 million Dubai penthouses. But first, a spotlight on Abu Dhabi's newest wealth fund.
Al Etihad
04-05-2025
- Business
- Al Etihad
Mubadala Capital, TWG Global announce multi-billion partnership
4 May 2025 11:24 A. SREENIVASA REDDY (ABU DHABI)Mubadala Capital, a subsidiary of Abu Dhabi-based sovereign investor Mubadala, has announced a multi-billion-dollar partnership with TWG Global (TWG), a holding company led by prominent investors Mark Walter and Thomas a LinkedIn post, Mubadala Capital stated that it will anchor and lead a $10 billion syndicated investment in TWG return, 'TWG will commit $2.5 billion to Mubadala Capital products and acquire a strategic minority stake, with a pathway to grow to $20 billion,' the post said.'As institutional investors increasingly seek differentiated access to complex opportunities, this collaboration creates a powerful platform in both scale and capability,' Mubadala Capital LinkedIn post included a joint statement from both investment firms, outlining the rationale and strategic intent behind the collaboration brings together Mubadala Capital's expertise in alternative asset management with TWG's domain leadership across financial services, insurance, artificial intelligence, technology, sports, media, entertainment, and energy, the statement said.'By combining our institutional expertise and capital resources through this unique alignment of interests, we are strengthening our joint ability to access and scale high-quality investment opportunities globally,' said Hani Barhoush, Managing Director and CEO of Mubadala Mark Walter added: 'We are excited to deepen our relationship with Mubadala Capital, a global leader that shares our long-term investment philosophy and commitment to excellence. The convergence of business and new technology is creating unprecedented investment opportunities. This collaboration enhances our ability to capitalise on that opportunity set.'Thomas Tull remarked: 'Partnering with Mubadala Capital enables us to access outstanding investment opportunities. This collaboration unites the right expertise and capital to invest in ideas with the potential to shape the future.'TWG Global operates and invests in businesses with significant untapped potential. With an enterprise value exceeding $40 billion, its portfolio includes Guggenheim Investments, Guggenheim Securities, Group 1001 Insurance, and prominent sports franchises such as the LA Dodgers, LA Lakers, and Chelsea Capital manages over $30 billion in assets, with a team of more than 200 professionals across five offices located in Abu Dhabi, New York, London, San Francisco, and Rio de parent, Mubadala, has assets totalling $330 billion, making it the second-largest sovereign wealth fund in Abu Dhabi, after the Abu Dhabi Investment Authority (ADIA), which manages close to $1 trillion in assets. 'Mubadala Capital aims to be the partner of choice for investors seeking attractive and differentiated risk-adjusted returns across private markets and alternative asset classes,' the statement concluded.
Arabian Business
02-05-2025
- Business
- Arabian Business
Mubadala Capital and TWG Global in a game-changing partnership
In what is being hailed as a 'new chapter in global finance', Abu Dhabi's Mubadala Capital, the asset management subsidiary of Mubadala Investment Company, and the US-based TWG Global have entered into a multi-faceted, multi-billion-dollar collaboration. As part of the strategic investment alliance, Mubadala Capital will anchor and lead a US$10 billion syndicated investment in TWG's US$15 billion equity raise. TWG will use the proceeds to capitalise on its proprietary investment opportunities. That's the 'usual' part of the deal. But this one goes beyond normal. Historic financial collaboration For its part, TWG will commit US$2.5 billion to Mubadala Capital products and acquire a strategic minority stake. It will also aim to increase its commitments to up to another US$20 billion of investment capital over time. Global SWF, the company that tracks all sovereign wealth funds across the globe, called it 'one of the most intriguing financial announcements of 2025 so far'. In a blog post, Global SWF wrote: 'This deal is remarkable not just for its sheer scale – anchored by a US$10 billion syndicated investment and a US$2.5 billion mutual capital commitment – but for what it signals about the evolving relationship between private equity and sovereign wealth funds. 'This marks a new chapter in global finance: a private investment firm acquiring a minority equity stake in a sovereign wealth fund's asset management platform. That's almost unheard of.' TWG Global is a holding company led by investors Mark Walter and Thomas Tull. With an enterprise value over US$40 billion, it has interests across financial services, insurance, AI and technology, energy and is especially strong in sports, media, and entertainment. Its portfolio includes prominent sports franchises such as the LA Dodgers, LA Lakers and Chelsea FC. The collaboration is part of Mubadala Capital's strategy to expand its partnerships with leading global investors and strengthen its position as a leading global asset manager. Hani Barhoush, Managing Director and CEO of Mubadala Capital, commented: 'By combining our institutional expertise and capital resources through this unique alignment of interests, we are strengthening our joint abilities to access and scale high-quality investment opportunities globally.' TWG's Mark Walter remarked: 'We are excited to deepen our relationship with Mubadala Capital, a global leader that shares our long-term investment philosophy and our commitment to excellence. 'The convergence of business and new technology is creating unprecedented investment opportunities. This collaboration enhances our ability to capitalise on that opportunity set and provides us with additional access to world-class investment strategies.' Global SWF also found the interest overlap between the two entities 'compelling'. 'TWG Global brings a portfolio rich in sports franchises, and stakes in Guggenheim Investments and Palantir-related AI ventures. Mubadala Capital, for its part, has been actively acquiring sports media assets and mid-market entertainment companies through its MIC Capital Partners funds,' said Global SWF. 'This partnership gives Mubadala indirect ownership exposure to iconic Western sports franchises – a savvy move amid the rising valuation of global sports assets and the convergence of content, fan engagement, and streaming monetisation. It also cements Mubadala's push into US alternative assets at a time when American political ties with the UAE are being reinforced post-Trump's 2024 re-election. 'Through TWG, Mubadala is gaining the sports and leisure exposure that its Saudi peer, the Public Investment Fund (PIF), has had to build from scratch, originating its own direct investments. 'By inviting a private investor to take a minority stake in its manager, Mubadala Capital is enhancing alignment with TWG's capital now directly tied to Mubadala's success as a manager, not just as a product user. An equity commitment from an experienced PE sponsor like TWG also reinforces Mubadala Capital's brand and market positioning. Mubadala can now tap TWG's deep US network across finance, sports, AI, and energy to exploit new opportunities.' Thomas Tull, whose CV includes being the producer of movies such as Superman Returns, The Dark Knight and Inception, added: 'Partnering with Mubadala Capital enables us to access outstanding investment opportunities that demand both visionary insight and substantial resources. This collaboration unites the right expertise and capital to invest in ideas with the potential to shape the future.' Mubadala Capital is the alternative asset management subsidiary of Mubadala Investment Company, the US$330 billion global investor and the sovereign wealth fund of Abu Dhabi. Through its four investment businesses, including private equity, special situations, solutions, and venture capital, Mubadala Capital manages over US$30 billion of assets.
Arabian Post
02-05-2025
- Business
- Arabian Post
Mubadala Anchors $10bn Sports Investment with TWG Global
Abu Dhabi's Mubadala Capital is set to lead a $10 billion syndicated investment into TWG Global, marking a significant move into the global sports and entertainment sector. This partnership not only positions Mubadala at the forefront of high-value sports investments but also reflects a broader trend among Gulf sovereign wealth funds diversifying their portfolios beyond traditional assets. TWG Global, co-chaired by Mark Walter and Thomas Tull, manages a diverse portfolio that includes stakes in prominent sports franchises such as the Los Angeles Dodgers, Los Angeles Lakers, and Chelsea FC. The conglomerate, valued at approximately $40 billion, also invests in sectors like artificial intelligence, biotechnology, and media. Walter, known for his role in Guggenheim Partners, and Tull, former owner of Legendary Entertainment, bring extensive experience in both finance and entertainment to the venture. The investment deal includes TWG Global acquiring a minority stake in Mubadala's asset management platform for $2.5 billion. This strategic move aims to increase commitments to an additional $20 billion of investment capital, signaling a deepening collaboration between private investment firms and sovereign wealth funds. Global SWF, a sovereign fund tracker, described the partnership as 'a new chapter in global finance,' highlighting the innovative nature of a private firm acquiring a stake in a sovereign wealth fund's asset management arm. This arrangement provides Mubadala with indirect ownership exposure to iconic Western sports franchises, aligning with the rising valuations of global sports assets and the convergence of content, fan engagement, and streaming monetisation. Mubadala's move mirrors strategies employed by other Gulf sovereign wealth funds, such as Saudi Arabia's Public Investment Fund , which has been actively building its sports and leisure portfolio. However, through this partnership with TWG Global, Mubadala gains immediate access to established sports entities, bypassing the need to build its portfolio from scratch. See also OPEC+ Shifts Strategy with Unexpected Oil Output Increase In 2024, Mubadala emerged as the world's largest sovereign wealth fund spender, deploying $29.2 billion across 52 transactions—a 67% increase from the previous year. This surge in investment activity underscores the fund's commitment to diversifying its holdings and capitalising on emerging market opportunities.
