Mubadala Capital, the asset management subsidiary of Abu Dhabi’s sovereign fund Mubadala, closed its $1.6 billion third private equity fund that will focus on investing in sectors including media, sports, consumer and food services across North America and Europe.
The MIC Capital Partners III fund, exceeded its fund-raising target after securing commitments from a number of global institutional investors including global pension funds, government institutions, family offices and private equity investors, Mubadala Capital said in a statement on Tuesday.
It is a "meaningful vote of confidence by the market in our ability to originate compelling new investment opportunities, partner with leading management teams and create value across our portfolio”, said Adib Mattar, head of private equity at Mubadala Capital.
Earlier this month, Mubadala Capital said it received a “significant” investment into its private equity business from a consortium led by the world's biggest asset manager BlackRock.
BlackRock’s Secondaries and Liquidity Solutions (SLS) and a group of global institutional investors have invested in assets managed by Mubadala Capital. The consortium also committed $400 million to Mubadala Capital’s private equity Fund III, it said at the time.
Mubadala Capital has so far invested $1.4bn through the fund in a number of companies including North America’s REEF technology, Yes Network and Peterson Farms.
As well as managing its own investments, Mubadala Capital oversees about $9bn in third-party managed funds across its private equity, public equities, venture capital and Brazil businesses.
In addition to successful exits from EMI Music Publishing and Restaurant Brands International, Mubadala Capital has a long track record of strategic investments, leveraging the secondary market to seek attractive returns for its investors.
Its parent, Mubadala, which has an asset base of Dh894bn ($243.4bn), invests on behalf of the Abu Dhabi government. The sovereign fund is driving the emirate’s efforts to diversify its revenue base and generate income from sources other than oil.
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Ship name: MSC Bellissima
Ship class: Meraviglia Class
Delivery date: February 27, 2019
Gross tonnage: 171,598 GT
Passenger capacity: 5,686
Crew members: 1,536
Number of cabins: 2,217
Length: 315.3 metres
Maximum speed: 22.7 knots (42kph)
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4,872 matches
1,942 teams
116 pitches
76 nations
26 UAE teams
15 Lebanese teams
2 Kuwaiti teams
Fight card
Bantamweight
Siyovush Gulmamadov (TJK) v Rey Nacionales (PHI)
Lightweight
Alexandru Chitoran (ROM) v Hussein Fakhir Abed (SYR)
Catch 74kg
Tohir Zhuraev (TJK) v Omar Hussein (JOR)
Strawweight (Female)
Weronika Zygmunt (POL) v Seo Ye-dam (KOR)
Featherweight
Kaan Ofli (TUR) v Walid Laidi (ALG)
Lightweight
Leandro Martins (BRA) v Abdulla Al Bousheiri (KUW)
Welterweight
Ahmad Labban (LEB) v Sofiane Benchohra (ALG)
Bantamweight
Jaures Dea (CAM) v Nawras Abzakh (JOR)
Lightweight
Mohammed Yahya (UAE) v Glen Ranillo (PHI)
Lightweight
Alan Omer (GER) v Aidan Aguilera (AUS)
Welterweight
Mounir Lazzez (TUN) Sasha Palatnikov (HKG)
Featherweight title bout
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Match info
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Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
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Torque: 859Nm
Transmission: Single-speed automatic
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