BlackRock to invest $400M in mubadala Capital
The investment company BlackRock to invest $400M in mubadala Capital, the asset management subsidiary of Mubadala Investment Company (Mubadala).
The company BlackRock’s SLS strategy aims to lead and invest opportunistically in mid-sized secondary transactions, and SLS led this transaction with notable interest and involvement from various strategic partners and co-investors. BlackRock’s team had developed a conviction around Mubadala Capital and the underlying portfolio, which BlackRock believes will be a key and core investment in its SLS strategy.
BlackRock Inc. secondaries and liquidity solutions group is building up its ties with Abu Dhabi’s sovereign-wealth investor Mubadala Investment Co., leading a $1.2 billion deal that includes the purchase of secondhand assets from a fund its investment arm Mubadala Capital manages.
The head of private equity at Mubadala Capital, Adib Martin Mattar, said:
“BlackRock’s institutional approach to underwriting and partnership-orientation has helped create what we expect to be a landmark transaction, especially in a highly uncertain market environment. We are looking forward to a long-term partnership with BlackRock SLS and all participating investors.”
The managing director of the BlackRock secondaries and liquidity solutions team, Veena Isaac, said:
“Completing this investment was highly collaborative between BlackRock, our partners and Mubadala Capital. We look forward to being a Limited Partner and continuing to explore further ways to collaborate with Mubadala Capital in what is clearly a highly differentiated investment platform that has demonstrated an ability to leverage its sovereign access and network for the benefit of its investors.”