Abu Dhabi’s Invest AD launches Blackstone Private Debt Fund
Abu Dhabi Investment Company (Invest AD), a wholly owned subsidiary of Mubadala Investment Company, has launched the Invest AD Blackstone Private Debt Fund, an SCA-regulated fund, which will offer local feeder access to Blackstone’s US and European private credit strategies. The feeder brings Blackstone’s institutional-caliber credit platform to qualified non-US investors, primarily in the UAE. […]
DCT Abu Dhabi, Mubadala to invest Dhs50m in cultural industry
The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) and Mubadala Foundation have signed a partnership deal to invest Dhs50m in the emirate’s cultural industry over the next five years. The partnership seeks to transform and elevate the city’s vast cultural landscape. Mubadala Foundation has been appointed an ‘Education & Community Partner’ […]
Abu Dhabi’s Yahsat to invest $100m in T4-NGS satellite programme
Abu Dhabi satellite operator Yahsat Group plans to allocate more than $100m towards capital expenditures in 2023 as part of the ‘T4-NGS’ satellite programme, according to state-run news agency WAM. The programme, the next-generation telecommunications system for Thuraya, is scheduled to become operational in the first half of 2025 with a total cost of […]
Abu Dhai’s Mubadala invests in CoolIT Systems alongside KKR
Mubadala Investment Company has announced that it invested alongside investment funds managed by KKR, a leading global investment firm, in the acquisition of CoolIT Systems (CoolIT), which was announced on 2nd May 2023. Headquartered in Calgary, Canada, with operations across North America, China and Taiwan, CoolIT specialises in scalable liquid cooling solutions for the world’s […]
SoftBank nears deal to sell Fortress to Mubadala for up to $3bln- FT
SoftBank Group Corp is in late-stage talks to sell asset manager Fortress Investment Group to Abu Dhabi-based sovereign wealth fund Mubadala for as much as $3 billion, the Financial Times reported on Wednesday. The talks have been going on since last year and a deal, which will help Softbank pay down its debt, could be […]
India seeks investments from Abu Dhabi’s ADIA, Mubadala
India is seeking investments from Abu Dhabi Investment Authority (ADIA) and Mubadala in several areas, including renewable and digital sectors, said Secretary in India’s Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh. The official was in the UAE and held meetings with the senior officials of the two Abu Dhabi entities, […]