Apollo to Acquire Minority Stake in Mubadala Capital

US-based Apollo Global Management will acquire a minority stake in Mubadala Capital, the alternative investment arm of Mubadala Investment Company.

The agreement also includes plans for $5 billion in combined commitments from Apollo and additional strategic investors across Mubadala Capital’s investment strategies.

The transaction comes as the UAE continues to attract international investment managers while building domestic institutions with operations extending beyond the country.

Iñigo de Luna, CEO of UAE-based private equity firm Nahda Capital Partners, said the partnership reflects the growing international profile of the UAE’s investment sector.

“When we first moved to the UAE, we recognised the enormous potential of its investment ecosystem,” he said. “The partnership between Apollo and Mubadala Capital is another example of how the UAE has successfully developed a financial industry that commands international recognition.”

The growth of private equity and other alternative investment strategies is also creating additional sources of capital for family-owned and mid-market businesses across the Gulf.

Manuel de Luna, Partner at Nahda Capital Partners, said private equity can also support companies through changes in governance, management structures, hiring and acqui