Private investment house Ardian has formed a new $2.1 billion private equity partnership with Mubadala Capital, the asset management arm of $284 billion Abu Dhabi sovereign wealth fund Mubadala Investment Company.
Private investment house Ardian has formed a new $2.1 billion private equity partnership with Mubadala Capital, the asset management arm of $284 billion Abu Dhabi sovereign wealth fund Mubadala Investment Company.
The partnership which will see Ardian invest in a portfolio of high-quality assets managed by Mubadala Capital and also make a primary commitment to the manager’s private equity funds.
Mubadal Capital, which runs about $17 billion across its own balance sheet investments and third-party strategies on behalf of institutional investors, has four private equity funds, three early stage venture strategies, and two funds in Brazil focused on special situations.
Ardian and Mubadala Capital have built a strong relationship since forming a successful initial partnership in 2017, a transaction that established Mubadala Capital as a third-party asset manager and represented the first time a sovereign wealth fund has managed capital on behalf of institutional investors.
As part of this latest transaction, Ardian and Mubadala Capital curated a portfolio of ten limited partnership interests with a leading group of General Partners predominantly in North America and Europe, as well as six high-quality direct investments. All of the assets in the new portfolio were previously held on Mubadala Capital’s balance sheet following a successful spin-off from Mubadala Investment Company in 2021.
Mubadala Capital’s private equity strategy focuses on direct investments in North America and Europe in core sectors where the team has a strong network and track record, including media, sports and entertainment, consumer and food services, financial services and business services.
Evercore acted as exclusive financial advisor to Mubadala Capital on this transaction.
