BlackRock-led consortium invests in Abu Dhabi-based Mubadala Capital's PE assets

BlackRock-led consortium invests in Abu Dhabi-based Mubadala Capital's PE assets

Global investment manager BlackRock has led a consortium of investors to invest in the private equity business of Mubadala Capital, the asset management subsidiary of Abu Dhabi state fund Mubadala Investment Company.

The investment will be made into a portfolio of assets currently managed by Mubadala Capital, in addition to a $400 million commitment into Mubadala Capital’s third private equity fund, according to a statement. The third fund recently exceeded its fundraising target and held its final close at $1.6 billion, Mubadala added.

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