
Investments
76Portfolio Exits
6Funds
10Partners & Customers
6
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CB Insights Intelligence Analysts have mentioned Mubadala Capital in 1 CB Insights research brief, most recently on Feb 7, 2023.
Latest Mubadala Capital News
May 24, 2023
Mingtiandi Username 2023/05/24 Fortress principal Pete Briger will serve as chairman of the firm after Mubadala’s acquisition Abu Dhabi’s Mubadala Investment Company is teaming with executives of Fortress Investment Group in a takeover of the US fund manager, having agreed to acquire the 90.01 percent stake in Fortress currently held by Japanese venture investor SoftBank. “Fortress is a world-leading investment manager with a proven track record of delivering superior risk-adjusted returns to its investors throughout business cycles,” Mubadala Capital CEO and managing director Hani Barhoush said in a joint statement with Fortress . “Over the last 20 years, they have built an incredible franchise and established themselves as a premier credit and asset investor while simultaneously growing investment strategies across a wide range of asset classes.” Financial terms of the deal were not disclosed, but the Financial Times had reported earlier this month that the parties were in advanced discussion at a valuation of $3 billion for the distressed debt specialist. Masayoshi Son’s SoftBank had paid $3.3 billion to acquire control of Fortress in 2017. The agreement marks the second acquisition of a major debt fund manager in as many weeks, after TPG announced a deal on 15 May to acquire Angelo Gordon for $2.7 billion. With Bloomberg reporting on Tuesday that more than $190 billion in property bonds and loans worldwide are currently trading at distressed prices, fund managers have been scrambling for access to discounted assets. Stamp of Approval After the deal’s closing, Fortress’s management team is expected to own 30 percent of the company via a class of equity entitling it to appoint a majority of board seats, according to the announcement. The Emirati sovereign wealth fund’s Mubadala Capital arm — which now holds a 9.99 percent stake in Fortress through its Private Equity Funds II and III — will own 70 percent of Fortress equity upon completion. Mubadala Capital CEO and managing director Hani Barhoush Fortress, which had $45.8 billion in assets under management at the end of 2022, will continue operating under its existing brand, with Drew McKnight and Joshua Pack as co-CEOs and Pete Briger as chairman, while Barhoush will continue to serve on the board as he has since 2019. “We have worked closely with Mubadala for years and have enormous respect for their investment acumen and discipline,” the Fortress management team said this week. “We view Mubadala’s further investment as an affirmation of the business model and investment approach we have embraced for more than 20 years, and — at a time when market dynamics are better aligned than ever before with our experience and expertise — we could not be more excited about the future of Fortress.” The purchase of the 25-year-old company is expected to close in the first quarter of 2024, after which Dean Dakolias will continue in his role as managing partner and Tom Pulley will remain as CEO of the global Fortress Real Estate business. Fortress co-founders Wes Edens and Randy Nardone will continue to oversee permanent capital vehicles and remaining private equity investments. Nikkei Asia reported last November that Fortress was preparing to buy Japan’s struggling Sogo & Seibu department store chains for JPY 200 billion ($1.38 billion) or more. Japanese appliance store operator Yodobashi Holdings was expected to invest in the deal by buying certain Sogo & Seibu sites and rerouting proceeds to Fortress, the news service said. Fund Defies Headwinds Mubadala’s investments in Asia Pacific real estate include a $350 million commitment to regional data centre firm Princeton Digital Group and financial backing for a A$1 billion Logos development venture in Australia. Mubadala has also been a key investor in JD Property , the real estate fund management division of mainland China e-commerce provider JD.com. In an annual review released this month, the $276 billion sovereign fund said 2022 was one of its most active years on record, underscored by the execution of more than 650 transactions and the investment of $29.1 billion despite market volatility and macroeconomic headwinds. “As a sovereign investor, we have a long-term investment horizon and institutional patience,” said Mubadala chief financial officer Carlos Obeid. “We continue to focus on our capital deployments in line with our strategy, supported by prudent management of our finances, underlining the strength of our business and investment approach.” Mubadala Capital, the fund’s asset management subsidiary, oversees $20 billion across its own balance sheet investments and in third-party capital vehicles on behalf of institutional investors. Share this now
Mubadala Capital Investments
76 Investments
Mubadala Capital has made 76 investments. Their latest investment was in TIER as part of their Convertible Note on May 5, 2023.

Mubadala Capital Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
5/16/2023 | Convertible Note | TIER | No | Goldman Sachs, Mubadala Capital, Northzone, SoftBank , Speedinvest, and Undisclosed Investors | 3 | |
3/22/2023 | Series A | EpiBiologics | $50M | Yes | 6 | |
3/1/2023 | Series B | Chroma Medicine | $135M | Yes | Alexandria Venture Investments, ARCH Venture Partners, Atlas Venture, Casdin Capital, Cormorant Asset Management, DCVC Bio, Google Ventures, Janus Henderson Investors, Mubadala Capital, Newpath Partners, Omega Funds, Osage University Partners, Sixth Street Partners, Sofinnova Partners, T. Rowe Price, and Wellington Management | 7 |
1/17/2023 | Series C | |||||
12/19/2022 | Series B |
Date | 5/16/2023 | 3/22/2023 | 3/1/2023 | 1/17/2023 | 12/19/2022 |
---|---|---|---|---|---|
Round | Convertible Note | Series A | Series B | Series C | Series B |
Company | TIER | EpiBiologics | Chroma Medicine | ||
Amount | $50M | $135M | |||
New? | No | Yes | Yes | ||
Co-Investors | Goldman Sachs, Mubadala Capital, Northzone, SoftBank , Speedinvest, and Undisclosed Investors | Alexandria Venture Investments, ARCH Venture Partners, Atlas Venture, Casdin Capital, Cormorant Asset Management, DCVC Bio, Google Ventures, Janus Henderson Investors, Mubadala Capital, Newpath Partners, Omega Funds, Osage University Partners, Sixth Street Partners, Sofinnova Partners, T. Rowe Price, and Wellington Management | |||
Sources | 3 | 6 | 7 |
Mubadala Capital Portfolio Exits
6 Portfolio Exits
Mubadala Capital has 6 portfolio exits. Their latest portfolio exit was Looping Group on May 09, 2023.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
5/9/2023 | Acq - Fin - III | 3 | |||
Date | 5/9/2023 | ||||
---|---|---|---|---|---|
Exit | Acq - Fin - III | ||||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 3 |
Mubadala Capital Acquisitions
11 Acquisitions
Mubadala Capital acquired 11 companies. Their latest acquisition was Fortress Investment Group on May 23, 2023.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
---|---|---|---|---|---|---|
5/23/2023 | Acq - Fin | 1 | ||||
2/6/2023 | Acq - Fin | 1 | ||||
1/30/2023 | Acq - Fin - II | 2 | ||||
10/18/2022 | ||||||
8/8/2022 | Private Equity |
Date | 5/23/2023 | 2/6/2023 | 1/30/2023 | 10/18/2022 | 8/8/2022 |
---|---|---|---|---|---|
Investment Stage | Private Equity | ||||
Companies | |||||
Valuation | |||||
Total Funding | |||||
Note | Acq - Fin | Acq - Fin | Acq - Fin - II | ||
Sources | 1 | 1 | 2 |
Mubadala Capital Fund History
10 Fund Histories
Mubadala Capital has 10 funds, including Mubadala Brazil Special Opportunities Fund I.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
---|---|---|---|---|---|
2/14/2022 | Mubadala Brazil Special Opportunities Fund I | $322M | 1 | ||
8/17/2021 | MIC Capital Partners III | $1,600M | 1 | ||
10/23/2019 | Mubadala Capital Tech Fund | $250M | 1 | ||
4/25/2019 | Abu Dhabi Catalyst Partners | ||||
10/18/2017 | Mubadala Ventures Fund I |
Closing Date | 2/14/2022 | 8/17/2021 | 10/23/2019 | 4/25/2019 | 10/18/2017 |
---|---|---|---|---|---|
Fund | Mubadala Brazil Special Opportunities Fund I | MIC Capital Partners III | Mubadala Capital Tech Fund | Abu Dhabi Catalyst Partners | Mubadala Ventures Fund I |
Fund Type | |||||
Status | |||||
Amount | $322M | $1,600M | $250M | ||
Sources | 1 | 1 | 1 |
Mubadala Capital Partners & Customers
6 Partners and customers
Mubadala Capital has 6 strategic partners and customers. Mubadala Capital recently partnered with Etihad Rail on February 2, 2023.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
2/22/2023 | Partner | United Arab Emirates | Oman and Etihad Rail Company, Mubadala partner to develop 303km rail network `` The signing of the cooperation agreement between Oman and Etihad Rail company and Mubadala reflects the commitment of both parties to building strategic partnerships and strengthening cooperation with leading entities to promote investment , economic growth , and comprehensive development in both countries . | 1 | |
12/22/2021 | Partner | ||||
12/1/2021 | Partner | ||||
7/28/2021 | Partner | ||||
9/25/2008 | Partner |
Date | 2/22/2023 | 12/22/2021 | 12/1/2021 | 7/28/2021 | 9/25/2008 |
---|---|---|---|---|---|
Type | Partner | Partner | Partner | Partner | Partner |
Business Partner | |||||
Country | United Arab Emirates | ||||
News Snippet | Oman and Etihad Rail Company, Mubadala partner to develop 303km rail network `` The signing of the cooperation agreement between Oman and Etihad Rail company and Mubadala reflects the commitment of both parties to building strategic partnerships and strengthening cooperation with leading entities to promote investment , economic growth , and comprehensive development in both countries . | ||||
Sources | 1 |
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