Mubadala Capital, the asset management arm of the Abu Dhabi sovereign wealth fund, has commenced operation under a new ownership structure.
It is now a wholly-owned asset management subsidiary within Mubadala’s disruptive investments portfolio.
The firm was established in 2011 and has over US$15 billion in assets under management along with offices in London, New York, San Francisco and Rio de Janeiro as well as its Abu Dhabi headquarters.
The decision to operate as an asset is designed to aid Mubadala’s expansion plans.
“By operating as a wholly owned asset, we will be able to accelerate the growth of Mubadala Capital and more rigorously pursue our highly focused investment strategies, while continuing to invest both through our own balance sheet and on behalf of our external investors,” said Hani Barhoush, CEO and managing director Mubadala Capital and CEO of Mubadala’s disruptive investments platform.
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