Add as a preferred source on GoogleMubadala Capital’s Platform Covers More Than $755 Billion
The proposed stake would add to a multibillion-dollar partnership between the firms that began in 2022.
Apollo is nearing a deal for nearly a 10% stake in Mubadala Capital, the asset-management subsidiary of Abu Dhabi sovereign investor Mubadala Investment Company.
The transaction had not been publicly announced at the time, and its financial terms were unknown. The company’s asset-management, advisory and administrative operations cover more than $755 billion in assets. Separately, it owns the alternatives businesses that manage and invest more than $60 billion.
Apollo and Mubadala Investment Company established a multibillion-dollar partnership in 2022 and extended it in 2024. In 2023, they formed a $2.5 billion joint venture for global private-credit co-investments over five years.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.