Mubadala Capital, an asset management subsidiary of Mubadala Investment Company headquartered in Abu Dhabi, has closed its second Brazilian fund, BSOF II, at $710m, according to a report by BuyoutsInsider.
The fund’s limited partners include public pension funds, family offices, corporates, private equity funds and asset managers from North America, Europe, the Middle East and Asia.
Mubadala, which has about $20bn in AUM, says the new fund will invest in mature companies that are currently either in distress or facing complex situations, but whose underlying fundamentals remain attractive.
