Apollo Global Management is acquiring a near 10% equity stake in Mubadala Capital, Abu Dhabi’s sovereign wealth private‑capital arm, becoming its second external shareholder after Silver Rock Financial. The deal deepens ties between the New York‑based alternative asset manager and the emirate, with Apollo committing $5bn to the group’s funds. The move follows a failed attempt by Mark Walter’s TWG to invest in Mubadala Capital and continues Abu Dhabi’s strategy to build a diversified private‑capital group beyond its own resources.
Mubadala Capital, which manages roughly $60bn in assets, has recently expanded through acquisitions of Fortress Investment Company, CI Financial, and backing the Brighthouse Financial deal. Both firms highlighted their long‑standing partnership and mutual commitment to success, while declining to disclose transaction terms.
Source: Financial Times Markets · Summarized by HeadlinesBriefing