TWG Global, a holding company led by US billionaires Mark Walter and Thomas Tull, announced on Tuesday it will acquire a minority stake in Mubadala Capital, the Abu Dhabi investment company's asset management subsidiary.
Under this investment alliance, TWG is committing $2.5 billion to Mubadala Capital, which the Abu Dhabi company will anchor and lead to a $10 billion syndicated investment in TWG Capital, the companies said in a statement. That is part of TWG's $15 billion equity raise, they said.
Proceeds will be used by TWG to identify investment opportunities.
“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,” Hani Barhoush, managing director and chief executive of Mubadala Capital, said in a statement.
TWG and its partners will also commit an additional $20 billion of investment capital over time to reinforce the long-term and strategic alignment between the two companies.
"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,” TWG founder Mark Walter said.
TWG Global's portfolio includes Guggenheim Investments, Guggenheim Securities and sport franchises including Chelsea FC, the Los Angeles Lakers and Los Angeles Dodgers.
Wednesday's announcement comes as both companies have made ventures into artificial intelligence. TWG Global in March announced a joint venture with Palantir Technologies to redefine artificial intelligence deployment in financial services. Meanwhile Mubadala is a founding partner of MGX, a technology fund that is an initial equity partner in an $100 billion AI joint venture project hailed by President Donald Trump.
The UAE has made other commitments to the US since Mr Trump's 2024 election win, including a planned $20 billion investment by Damac in US data centres and a $1.4 trillion investment framework related to AI infrastructure and more.
How to get there
Emirates (www.emirates.com) flies directly to Hanoi, Vietnam, with fares starting from around Dh2,725 return, while Etihad (www.etihad.com) fares cost about Dh2,213 return with a stop. Chuong is 25 kilometres south of Hanoi.
Three ways to limit your social media use
Clinical psychologist, Dr Saliha Afridi at The Lighthouse Arabia suggests three easy things you can do every day to cut back on the time you spend online.
1. Put the social media app in a folder on the second or third screen of your phone so it has to remain a conscious decision to open, rather than something your fingers gravitate towards without consideration.
2. Schedule a time to use social media instead of consistently throughout the day. I recommend setting aside certain times of the day or week when you upload pictures or share information.
3. Take a mental snapshot rather than a photo on your phone. Instead of sharing it with your social world, try to absorb the moment, connect with your feeling, experience the moment with all five of your senses. You will have a memory of that moment more vividly and for far longer than if you take a picture of it.
The lowdown
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Why are asylum seekers being housed in hotels?
The number of asylum applications in the UK has reached a new record high, driven by those illegally entering the country in small boats crossing the English Channel.
A total of 111,084 people applied for asylum in the UK in the year to June 2025, the highest number for any 12-month period since current records began in 2001.
Asylum seekers and their families can be housed in temporary accommodation while their claim is assessed.
The Home Office provides the accommodation, meaning asylum seekers cannot choose where they live.
When there is not enough housing, the Home Office can move people to hotels or large sites like former military bases.
War 2
Director: Ayan Mukerji
Stars: Hrithik Roshan, NTR, Kiara Advani, Ashutosh Rana
Rating: 2/5
Sri Lanka squad
Dinesh Chandimal, Dimuth Karunaratne, Kaushal Silva, Kusal Mendis, Angelo Mathews, Lahiru Thirimanne, Niroshan Dickwella, Sadeera Samarawickrama, Rangana Herath, Suranga Lakmal, Nuwan Pradeep, Lakshan Sandakan, Vishwa Fernando, Lahiru Kumara, Jeffrey Vandersay, Milinda Siriwardana, Roshen Silva, Akila Dananjaya, Charith Asalanka, Shaminda Eranga and Dhammika Prasad.
