- Apollo is finalizing a deal to buy nearly a 10% stake in Mubadala Capital, the alternative asset management subsidiary of Abu Dhabi sovereign investor Mubadala Investment Company.
- The deal is expected to be announced Monday morning. Financial terms were not immediately known, and both firms declined to comment.
- Mubadala Capital says it manages, advises and administers more than $755 billion, with core alternatives businesses managing more than $60 billion.
- The deal extends Apollo's Abu Dhabi relationships, including a multibillion-dollar partnership with Mubadala Investment Company first established in 2022 and a $2.5 billion private credit joint venture formed in 2023.
Quotes
“Capital as a moat is a big thing”