Apollo Acquires Nearly 10% of Mubadala Capital, Strengthening Abu Dhabi Links
WHO:
Bloomberg Markets - Apollo Global Management Inc. is acquiring a stake in Mubadala Capital, the alternative asset management arm of Abu Dhabi’s sovereign wealth fund.
Bloomberg Markets - Mubadala Investment Co. is described as a $385 billion Abu Dhabi sovereign wealth fund.
CNBC - Apollo Global Management is buying nearly a 10% stake in Mubadala Capital, a subsidiary of Abu Dhabi sovereign wealth fund Mubadala Investment Co.
CNBC - Mubadala Capital CEO Hani Barhoush leads the company’s growth strategy.
WHAT:
IJR - Apollo and other investors are committing $5 billion to Mubadala Capital’s strategies.
Bloomberg Markets - Apollo’s stake purchase is expected to significantly deepen the firm’s ties to Abu Dhabi.
CNBC - The deal’s financial terms were not immediately known.
CNBC - Mubadala Capital advises and administers more than $755 billion in assets and is described as the region’s only large-scale asset manager.
CNBC - Mubadala Capital’s core alternatives business has grown to more than $60 billion.
CNBC - Apollo and Mubadala Investment Co. have a multibillion-dollar partnership. They formed a $2.5 billion joint venture to co-invest in global private-credit opportunities over a five-year horizon.
CNBC - When the partnership was extended, Apollo said it would strengthen its Capital Solutions platform by enabling the firms to jointly source and provide customized debt and equity financing to companies worldwide.
WHERE:
Bloomberg Markets - The sovereign wealth fund and Mubadala Capital are based in Abu Dhabi.
CNBC - Apollo’s partnership with Mubadala Investment Co. includes financing companies worldwide.
WHEN:
CNBC - Apollo’s relationship-building in Abu Dhabi spans 15 years.
CNBC - The Apollo–Mubadala Investment Co. partnership was first established in 2022 and extended two years ago.
CNBC - The institutions formed their $2.5 billion joint venture in 2023, with a five-year investment horizon.
CNBC - The deal was expected to be announced later Monday morning.
WHY:
CNBC - The deal advances Apollo’s ambitions in Abu Dhabi, described as the “capital of capital.”
CNBC - The transaction advances Mubadala Capital’s growth strategy and global investing relevance, and marks an inflection point for its alternatives business.
HOW:
CNBC - Apollo is acquiring nearly 10% of Mubadala Capital; people familiar with the matter said the deal was being finalized and spoke on condition of anonymity.
CNBC - Apollo and Mubadala Investment Co. pursue joint sourcing and provision of customized debt and equity financing, and co-invest in global private-credit opportunities.
(UPDATED October 26, 2026 15:33 UTC)
Apollo Global Management is acquiring nearly a 10% stake in Mubadala Capital, the Abu Dhabi sovereign wealth fund’s alternative asset management arm, deepening a relationship that spans 15 years. Apollo and other investors are also committing $5 billion to Mubadala Capital’s investment strategies, as the business advances its growth and global reach. The firms already have a multibillion-dollar partnership, including a $2.5 billion venture for global private-credit investments and joint financing for companies worldwide.
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(UPDATED October 26, 2026 14:48 UTC)
Apollo Global Management is acquiring nearly a 10% stake in Mubadala Capital, the Abu Dhabi sovereign wealth fund’s alternative asset management arm, deepening ties between the firms. Mubadala Capital advises and administers more than $755 billion in assets, while its core alternatives business has grown to more than $60 billion. The deal builds on Apollo and Mubadala Investment Co.’s existing partnership, including a $2.5 billion joint venture for global private-credit investments and cooperation on customized financing for companies worldwide.