MU BAD ALA SETS UP VEN­TURE CAP­I­TAL ARM

Gulf Business - - NEWS AND VIEWS -

Abu Dhabi’s state fund Mubadala In­vest­ment Com­pany has launched a ven­ture cap­i­tal arm that will over­see an ear­ly­growth fund set up with Ja­pan’s SoftBank, and a fund of funds fo­cus­ing on emerg­ing fund man­agers.

A ven­ture in­vest­ment team will be based in San Fran­cisco – the first Mubadala of­fice in the US – and will also over­see and man­age Mubadala’s $15bn com­mit­ment to the SoftBank Vi­sion Fund.

“Mubadala’s ven­ture cap­i­tal busi­ness in­tends to be­come an ac­tive mem­ber of the ven­tures com­mu­nity, lever­ag­ing Mubadala’s global scale and power,” said Ibrahim Ajami, head of the ven­tures unit.

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