UAE’s Mubadala raises $1.6 billion in investment fund
Focuses on several sectors including media, sports, entertainment and financial services
Mubadala Financial Investments Company, an asset management company affiliated with Mubadala Investment Company (Mubadala), announced that it had successfully raised funds for its Private Equity Fund (Fund III) with a final closing of $1.6 billion, exceeding the targeted funding amount. The UAE company said the third fund had secured other investments from a variety of new and existing investors, including retirement plans, wealth, insurance programs, government institutions, family businesses, and private equity firms across North America, Europe, the Middle East and Asia.
Adeeb Matar, Head of Private Equity at Mubadala Financial Investments, said: “We established the private equity investment unit 13 years ago. Our success in raising funds for the third fund is a milestone for our team and the Mubadala Capital Investments team. Having the opportunity to partner with a group of institutional investors from around the world is a privilege for us, and evidence of the market’s confidence in our ability to provide new opportunities for investors, establish fruitful partnerships with leading companies, and create value across our portfolio so that our investors continue to generate good returns and calculated risks.
Mubadala explained that the third fund focuses on direct investments in North America and Europe across key sectors in which the management team excels and has a strong business network in their fields, including media, sports and entertainment, consumer and food services, financial services, and industrial and commercial services.
The investments of the third fund so far amount to nearly $1.4 billion across nine assets, including Reef Technology, a technology platform that connects community members with nearby services, experiences and goods with the aim of enabling and accelerating the growth of the North American economy, and YES, the regional sports network in New York metropolitan area; and Peterson Farms, a US-based manufacturer of fresh cut apples, frozen fruit products, and unconcentrated fresh juices, among others.
The head of the private equity department at Mubadala Financial Investments added: “The success of the private equity unit proves the strength of Mubadala Financial Investments and its strategy in achieving rewarding and risk-adjusted returns by taking advantage of the advantages of sovereign ownership, whether through investment and providing opportunities; or the ability to tap resources through diligent work; Or provide additional value to owners, with a directed investment strategy and a motivated and disciplined team, supported by rigorous investment operations focused on preserving capital and reducing risk.”
Mubadala Financial Investments manages $9 billion in assets through third-party funds across four business lines: private equity, public equity, start-ups, and an investment portfolio in Brazil, in addition to being the first company owned by a sovereign wealth fund, which manages investments on behalf of investment institutions.
Adeeb Matar, Head of Private Equity at Mubadala Financial Investments, said: “We established the private equity investment unit 13 years ago. Our success in raising funds for the third fund is a milestone for our team and the Mubadala Capital Investments team. Having the opportunity to partner with a group of institutional investors from around the world is a privilege for us, and evidence of the market’s confidence in our ability to provide new opportunities for investors, establish fruitful partnerships with leading companies, and create value across our portfolio so that our investors continue to generate good returns and calculated risks.
Mubadala explained that the third fund focuses on direct investments in North America and Europe across key sectors in which the management team excels and has a strong business network in their fields, including media, sports and entertainment, consumer and food services, financial services, and industrial and commercial services.
The investments of the third fund so far amount to nearly $1.4 billion across nine assets, including Reef Technology, a technology platform that connects community members with nearby services, experiences and goods with the aim of enabling and accelerating the growth of the North American economy, and YES, the regional sports network in New York metropolitan area; and Peterson Farms, a US-based manufacturer of fresh cut apples, frozen fruit products, and unconcentrated fresh juices, among others.
The head of the private equity department at Mubadala Financial Investments added: “The success of the private equity unit proves the strength of Mubadala Financial Investments and its strategy in achieving rewarding and risk-adjusted returns by taking advantage of the advantages of sovereign ownership, whether through investment and providing opportunities; or the ability to tap resources through diligent work; Or provide additional value to owners, with a directed investment strategy and a motivated and disciplined team, supported by rigorous investment operations focused on preserving capital and reducing risk.”
Mubadala Financial Investments manages $9 billion in assets through third-party funds across four business lines: private equity, public equity, start-ups, and an investment portfolio in Brazil, in addition to being the first company owned by a sovereign wealth fund, which manages investments on behalf of investment institutions.
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