Tuesday, January 31, 2023

Mubadala Capital strikes $2.1bn private equity deal with Ardian


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The Mubadala sovereign wealth fund’s asset management arm has struck a $2.1bn deal with Ardian, a $140bn Parisian investment firm, to oversee private equity assets.

Ardian and Mubadala Capital, which has $17bn on its balance sheet for its own investments and on behalf of third-party investors, first partnered in 2017.

That deal marked the first time a sovereign wealth fund has managed capital on behalf of other institutional investors. Abu Dhabi-based SWF Mubadala Investment Company has $284bn overall.

The latest transaction saw Ardian and Mubadala Capital design a portfolio of ten limited partnership interests with general partners mainly in the US and Europe, as well as six direct investments.

Mubadala Capital’s private equity strategy focuses on direct investments in core sectors where the team has a strong network and track record, including media, sports and entertainment, consumer and food services, financial services and business services.

Ardian will also invest in other of Mubadala’s PE funds. See the statement here.