Ardian, Mubadala Capital in $2.1 bln private equity partnership

Published: Updated:
Enable Read mode
100% Font Size

Paris-based private equity fund Ardian and Abu Dhabi state investor Mubadala’s asset management arm said on Thursday they were forming a $2.1 billion private equity partnership.

For the latest headlines, follow our Google News channel online or via the app.

Ardian would invest in a portfolio of private equity assets managed by Mubadala Capital, and make a primary commitment to its private equity funds, a joint statement said.

As part of the transaction, Ardian and Mubadala Capital curated a portfolio of 10 limited partnership interests with a group of general partners predominantly in North America and Europe, as well as six direct investments.

The assets in the new portfolio were previously held on Mubadala Capital’s balance sheet following a spin-off from Mubadala Investment Company in 2021, the statement added.

Read more:

Abu Dhabi state fund Mubadala acquires stake in Singapore’s AirCarbon

Investcorp, Mubadala back TruKKer fundraise ahead of planned IPO

Abu Dhabi wealth fund Mubadala uses its billions to invest in tech-focused businesses

Top Content Trending