Apollo Global Management to Acquire Nearly 10% Stake in Mubadala Capital
· Business · Bloomberg, Financial Times
Apollo Global Management Inc. is nearing a deal to acquire nearly a 10% stake in Mubadala Capital, the alternative asset management arm of the Abu Dhabi sovereign wealth fund valued at $385 billion. The reported transaction marks one of the largest foreign investments into the Gulf state's diversified asset management sector. CNBC cited sources familiar with the negotiations stating the stake purchase is part of Apollo's expansion into Middle Eastern alternatives. Mubadala Capital manages a broad portfolio spanning private equity, real estate, and credit across global markets.
Why it matters
The deal underscores growing international interest in Abu Dhabi's alternative asset management sector and validates Mubadala Capital's standing among global peers. For Indian investors, the transaction highlights the increasing globalization of the Gulf's financial services hub and may influence cross-border investment flows into the region.
Read the original report — Bloomberg
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