Key Takeaways
- • Apollo Global Management is buying a minority equity stake of nearly 10% in Mubadala Capital, the alternative asset management arm of the $385 billion Abu Dhabi sovereign wealth fund, according to a person familiar with the matter.
- • Apollo will also commit capital across its various investment strategies to Mubadala Capital, deepening its ties to Abu Dhabi, per a statement from the Emirati firm issued Monday.
- • Financial terms and the exact size of the stake were not disclosed by either party.
- • The deal is described by Bloomberg, citing CNBC reporting, as a reflection of alternative asset managers globalizing their businesses.
Summary
Apollo Global Management Inc. is buying a stake in Mubadala Capital, the alternative asset management arm of the $385 billion Abu Dhabi sovereign wealth fund, in a transaction that will significantly deepen the US firm's ties to the oil-rich emirate, according to Bloomberg. CNBC first reported that the two sides were nearing the agreement, and Bloomberg's coverage of the story draws on that report.
The US firm will take a minority equity holding in the unit and commit capital across its various investment strategies, the Emirati firm said in a statement on Monday, October 26, 2026. Financial terms and the size of the stake were not disclosed in the statement. A person familiar with the matter told Bloomberg that the holding would amount to nearly 10%.
The transaction fits a broader pattern in which large alternative asset managers are expanding internationally and forming partnerships with sovereign and state-backed investors. Coverage in the publisher's own domain frames the deal as less about one transaction than about how alternative asset managers are globalizing, though no additional deal terms were disclosed in the available reporting.
The US firm will take a minority equity holding in the unit and commit capital across its various investment strategies, the Emirati firm said in a statement on Monday, October 26, 2026. Financial terms and the size of the stake were not disclosed in the statement. A person familiar with the matter told Bloomberg that the holding would amount to nearly 10%.
The transaction fits a broader pattern in which large alternative asset managers are expanding internationally and forming partnerships with sovereign and state-backed investors. Coverage in the publisher's own domain frames the deal as less about one transaction than about how alternative asset managers are globalizing, though no additional deal terms were disclosed in the available reporting.
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