Key Takeaways
- • Apollo has made a strategic investment in Mubadala Capital, the alternative asset management arm of Abu Dhabi's Mubadala Investment Company, taking a minority equity stake.
- • Apollo and additional strategic minority investors are expected to commit an aggregate of $5bn (£3.7bn) to Mubadala Capital's investment strategies at initial close.
- • Apollo joins the founders of Silver Rock Financial as an equity holder in Mubadala Capital.
- • Mubadala Capital manages more than $60bn across five investment strategies, including special opportunities focused on Brazil, credit, and venture capital, plus solutions and co-investment platforms.
- • The deal is expected to close in the fourth quarter of 2026, with Mubadala Capital continuing to operate independently under its existing governance and management.
Summary
Apollo has made a strategic minority investment in Mubadala Capital, the alternative asset management arm of Abu Dhabi's Mubadala Investment Company, according to the publisher's report. Under the transaction, Apollo will take a minority equity stake in Mubadala Capital and commit capital across the firm's various investment strategies. The stated aim is to support the next phase of Mubadala Capital's growth, including broadening its investor base, expanding its strategies, and pursuing new opportunities globally.
Additional strategic investors will also join as minority shareholders. Together with Apollo, these investors are expected to commit an aggregate of $5bn (£3.7bn) to Mubadala Capital's investment strategies at initial close. Apollo will join the founders of Silver Rock Financial as an equity holder in the firm.
The transaction is expected to close in the fourth quarter of 2026. Following closing, Mubadala Capital will continue to operate independently and maintain its own governance structure, with its existing management team retaining full authority over investment decisions and operations.
Mubadala Capital, founded in 2011, now runs a core alternatives business managing more than $60bn across five investment strategies. These include special opportunities with a focus on Brazil, credit, and venture capital, as well as solutions and co-investment platforms. Hani Barhoush, chief executive of Mubadala Capital, described Apollo as one of the most respected institutions in the industry and said its confidence reflects the strength of the platform the firm has built. John Zito, co-president of Apollo Asset Management, said Mubadala has been a trusted partner in seeding and scaling several Apollo strategies, and that the investment builds on the existing relationship. Zito cited Mubadala Capital's team, its global network and "real momentum" across its investment strategies as reasons for confidence in its growth.
Additional strategic investors will also join as minority shareholders. Together with Apollo, these investors are expected to commit an aggregate of $5bn (£3.7bn) to Mubadala Capital's investment strategies at initial close. Apollo will join the founders of Silver Rock Financial as an equity holder in the firm.
The transaction is expected to close in the fourth quarter of 2026. Following closing, Mubadala Capital will continue to operate independently and maintain its own governance structure, with its existing management team retaining full authority over investment decisions and operations.
Mubadala Capital, founded in 2011, now runs a core alternatives business managing more than $60bn across five investment strategies. These include special opportunities with a focus on Brazil, credit, and venture capital, as well as solutions and co-investment platforms. Hani Barhoush, chief executive of Mubadala Capital, described Apollo as one of the most respected institutions in the industry and said its confidence reflects the strength of the platform the firm has built. John Zito, co-president of Apollo Asset Management, said Mubadala has been a trusted partner in seeding and scaling several Apollo strategies, and that the investment builds on the existing relationship. Zito cited Mubadala Capital's team, its global network and "real momentum" across its investment strategies as reasons for confidence in its growth.
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