Apollo Global Management Finalizing Acquisition of 10% Stake in Mubadala Capital
Apollo Global Management (APOF) is finalizing a deal to acquire an approximately 10% stake in Mubadala Capital, the alternative asset management subsidiary of Abu Dhabi's sovereign wealth fund, Mubadala Investment Company. While financial terms remain undisclosed, the transaction marks a deepening of the long-standing strategic partnership between the two entities. The move strengthens Apollo's presence in Abu Dhabi and signals a shift in investment dynamics, as American firms increasingly make direct investments into Middle Eastern institutional platforms rather than just sourcing capital from them. For Mubadala Capital, which manages or advises over $755 billion in assets, the deal supports its global growth strategy and bolsters its core alternatives business.