Abu Dhabi’s new $125b sovereign fund behemoth takes shape

Abu Dhabi’s new $125b sovereign fund behemoth takes shape

Photographer: Jonathan Drake/Bloomberg News

Abu Dhabi is close to finalizing the merger of two of its largest sovereign wealth funds — Mubadala Development Co. PJSC and International Petroleum Investment Co. The combined entity, which will be known as Mubadala Investment Co., will become the fourteenth largest fund globally with about $125 billion of assets, according to the Sovereign Wealth Fund Institute.

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