Mubadala Capital – a wholly owned alternative asset management subsidiary of Mubadala Investment Company – announced the closing of its fourth private equity fund MIC Capital Partners IV, securing total commitments of $3.1 billion. This surpasses its initial target size of $2 billion.
Fund IV welcomed commitments from new and existing Limited Partners, such as leading U.S. pension funds, university endowments, insurance plans, sovereign wealth funds, other asset managers and family offices across key markets in North America, Europe, the Middle East and Asia.
Fund IV will be focusing on leading middle-market companies in various sectors, including media, sports & entertainment, consumer & food services, financial services and business services. And Fund IV’s portfolio includes notable companies such as Fortress Investment Group, a leading global asset manager focused on credit and real estate, and Canada Cartage, one of the largest short-haul logistics providers in Canada. The recent notable investments include the acquisition of Bugaboo, a household name in the juvenile products space, as well as Thrive Foods, the global leader by capacity in the fast-growing freeze-dried food sector.
Along with this achievement, Mubadala Capital continues to strengthen its leadership team with the appointment of its first Chief Investment Officer Oscar Fahlgren late last year.
KEY QUOTES:
“The strong reception we have received from Limited Partners in an incredibly challenging and competitive fundraising environment is a testament to the quality of our investment platform and our track record. Our team continues to generate attractive risk-adjusted returns for our investors by pairing the advantages of our focused and disciplined investment strategy and approach with Mubadala’s global reach and network. We are excited about both the existing Fund IV portfolio and the current pipeline.”
– Mubadala Capital Chief Executive Officer and Managing Director Hani Barhoush
“Reaching this milestone underscores the confidence our investors have in our ability to generate value in a highly differentiated way. Over the course of almost 20 years, we have managed to combine the quality of our team with a flexible balance sheet and extensive global network in a way that has allowed us to identify attractive investment opportunities in the middle market regardless of market conditions.”
– Oscar Fahlgren
