Dubai – Sharikat Mubasher: Mubadala Capital, an Abu Dhabi, UAE-based alternative asset management subsidiary of Mubadala Investment Company, announced closing its fourth private equity fund, MIC Capital Partners IV (“Fund IV”), securing total commitments of $3.1 Billion.
Fund IV received commitments from both new and existing Limited Partners, including leading U.S. pension funds, university endowments, insurance plans, sovereign wealth funds, other asset managers, and family offices across key markets in North America, Europe, the Middle East, and Asia, according to a press release.
Fund IV will focus on middle-market companies in various sectors, including media, sports & entertainment, consumer and food services, financial services, and business services. Its portfolio includes companies such as Fortress Investment Group, a global asset manager focused on credit and real estate, as well as Canada Cartage, a short-haul logistics provider in Canada.
Hani Barhoush, Mubadala Capital's Chief Executive Officer and Managing Director said: "The strong reception we have received from Limited Partners in an incredibly challenging and competitive fundraising environment is a testament to the quality of our investment platform and our track record. Our team continues to generate attractive risk-adjusted returns for our investors by pairing the advantages of our focused and disciplined investment strategy and approach with Mubadala's global reach and network. We are excited about both the existing Fund IV portfolio and the current pipeline."
Recent investments included the acquisition of Bugaboo, a household name in the juvenile products space, as well as Thrive Foods, the global leader by capacity in the fast-growing freeze-dried food sector.
The firm has a team of over 200 spanning 5 offices, including in Abu Dhabi, New York, London, San Francisco, and Rio De Janeiro.