Mubadala Capital has secured a strategic investment from Apollo as the Abu Dhabi-based alternative asset manager looks to expand its investor base, investment strategies, and global reach.
Apollo will acquire a minority equity stake in Mubadala Capital and commit capital across the firm’s investment strategies. Additional strategic investors will also become minority shareholders, with Apollo and the other investors expected to commit an aggregate $5 billion to Mubadala Capital’s strategies at the initial closing.
Mubadala Investment Company will remain the majority shareholder following the transaction.
Founded in 2011, Mubadala Capital has developed a core alternatives business managing more than $60 billion across five investment strategies. The broader platform manages, advises, and administers more than $755 billion in assets through its core alternatives business and strategic partnerships.
The Apollo investment builds on an existing relationship between the firms. Mubadala has previously helped seed and scale several Apollo strategies, and the companies said the new equity partnership will create deeper alignment as Mubadala Capital continues expanding.
Apollo joins the founders of Silver Rock Financial as an equity holder in Mubadala Capital.
Following the addition of the new minority investors, Mubadala Capital will continue to operate independently and retain its existing governance structure. The current management team will maintain authority over investment decisions and operations.
The capital commitments are expected to support Mubadala Capital as it broadens its institutional investor base, expands existing investment strategies, and evaluates new global opportunities.
The transaction is expected to close during the fourth quarter of 2026, subject to regulatory and legal approvals.
Goldman Sachs and Jefferies served as financial advisors to Mubadala Capital, with Skadden, Arps, Slate, Meagher & Flom providing legal counsel.
Morgan Stanley served as financial advisor to Apollo, while Paul, Weiss, Rifkind, Wharton & Garrison acted as legal counsel.
KEY QUOTES:
“Mubadala Capital was built to connect the world’s capital with differentiated private market opportunities, and this partnership accelerates that ambition. Apollo is one of the most respected institutions in our industry, and their confidence in what we are building reflects the strength of the platform we’ve created and the trajectory we are on.”
“Apollo has been a trusted partner to Mubadala and across Abu Dhabi for many years, and we look forward to working even more closely with them as a shareholder.”
Hani Barhoush, CEO Of Mubadala Capital
“Mubadala has been a trusted partner in seeding and scaling a number of our strategies over the years. This investment in the differentiated asset management platform they have built in Mubadala Capital builds on our existing partnership and reflects our conviction in their business.”
“This investment will deepen our alignment and strengthen our mutual commitment to each other’s success, while creating significant opportunities to reach a broader global investor base.”
John Zito, Co-President Of Apollo Asset Management
