Key Takeaways
- • Mubadala Capital, the alternative asset management subsidiary of Mubadala Investment Company, has entered a definitive agreement to acquire a minority interest in LSV Advisors, a New York-based GP-led secondaries manager.
- • LSV manages approximately $5 billion in assets and commitments and has completed more than 75 GP-led continuation vehicle transactions since 2011.
- • Terms of the transaction were not disclosed; closing is expected in the first half of calendar 2027, pending customary regulatory approvals.
- • The deal adds a dedicated GP-led secondaries capability to Mubadala Capital's platform, which manages over $755 billion across its alternatives businesses and strategic partnerships.
- • LSV's principals intend to reinvest the majority of the net proceeds into future funds, and the firm will retain its leadership, investment philosophy and operating approach.
Summary
Mubadala Capital and LSV Advisors, LLC announced a definitive agreement under which Mubadala Capital will acquire a minority stake in LSV, according to a Business Wire release issued from New York and Abu Dhabi. LSV is a New York-based investment manager focused on GP-led, single-asset continuation vehicle transactions in the middle market. Founded in 2005, the firm describes itself as a leading investor in GP-led continuation vehicles, having completed more than 75 transactions since executing one of the industry's earliest GP-led investments in 2011. LSV manages approximately $5 billion in assets and commitments on behalf of institutional, family office and other clients, and pursues a strategy of identifying high-quality, cash-generative businesses and structuring investments around strong governance and alignment.
The transaction expands Mubadala Capital's platform of strategic partnerships to include a dedicated GP-led secondaries manager, complementing existing partnerships in private wealth, insurance, credit and real estate. Mubadala Capital is a subsidiary of Mubadala Investment Company and manages, advises and administers more than $755 billion in assets; its core alternatives businesses manage over $60 billion across private equity, special opportunities with a focus on Brazil, credit, venture capital, and Solutions and co-investment platforms. The firm has more than 250 professionals across Abu Dhabi, London, New York, Rio de Janeiro and Menlo Park.
David G. Tisch, Founder and Chief Executive Officer of LSV, said the firm was "delighted to welcome Mubadala Capital as a strategic partner and shareholder," adding that the investment "further strengthens our platform" while allowing LSV to remain consistent with the approach that has defined it for 17 years. Oscar Fahlgren, President, Chief Investment Officer, Private Equity at Mubadala Capital, said LSV's governance-centered approach, including rigorous diligence, strong alignment and risk reduction, separates durable partnerships from opportunistic capital. Mubadala Capital said it intends to add new partnerships highly selectively to its platform in complementary asset classes each year.
For LSV, the partnership provides access to Mubadala Capital's global institutional network and long-term capital while preserving its leadership, investment philosophy and operating approach. LSV's principals intend to reinvest the majority of the net proceeds of the investment into future funds. Terms were not disclosed. Evercore is serving as exclusive financial advisor to Mubadala Capital, and Houlihan Lokey is acting as exclusive financial advisor to LSV. The transaction is expected to close in the first half of calendar 2027, pending customary regulatory approvals.
The transaction expands Mubadala Capital's platform of strategic partnerships to include a dedicated GP-led secondaries manager, complementing existing partnerships in private wealth, insurance, credit and real estate. Mubadala Capital is a subsidiary of Mubadala Investment Company and manages, advises and administers more than $755 billion in assets; its core alternatives businesses manage over $60 billion across private equity, special opportunities with a focus on Brazil, credit, venture capital, and Solutions and co-investment platforms. The firm has more than 250 professionals across Abu Dhabi, London, New York, Rio de Janeiro and Menlo Park.
David G. Tisch, Founder and Chief Executive Officer of LSV, said the firm was "delighted to welcome Mubadala Capital as a strategic partner and shareholder," adding that the investment "further strengthens our platform" while allowing LSV to remain consistent with the approach that has defined it for 17 years. Oscar Fahlgren, President, Chief Investment Officer, Private Equity at Mubadala Capital, said LSV's governance-centered approach, including rigorous diligence, strong alignment and risk reduction, separates durable partnerships from opportunistic capital. Mubadala Capital said it intends to add new partnerships highly selectively to its platform in complementary asset classes each year.
For LSV, the partnership provides access to Mubadala Capital's global institutional network and long-term capital while preserving its leadership, investment philosophy and operating approach. LSV's principals intend to reinvest the majority of the net proceeds of the investment into future funds. Terms were not disclosed. Evercore is serving as exclusive financial advisor to Mubadala Capital, and Houlihan Lokey is acting as exclusive financial advisor to LSV. The transaction is expected to close in the first half of calendar 2027, pending customary regulatory approvals.
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