Mubadala Capital closes Private Equity Fund III with commitments of $1.6bln

Fund focuses on direct investments in North America and Europe

  
A view of Al Maryah Island in Abu Dhabi.

A view of Al Maryah Island in Abu Dhabi.

Mubadala/Handout via Thomson Reuters Zawya

Mubadala Capital, the asset management subsidiary of Abu Dhabi’s Mubadala Investment Co, has closed its third Private Equity fund, MIC Capital Partners III, with total commitments of $1.6 billion.

Fund III is focused on direct investments in North America and Europe across the following core sector areas such as media, sports and entertainment, consumer and food services, financial services and industrials and business services, the asset manager said in a statement.

To date, Fund III consists of approximately $1.4 billion of investments across nine assets including REEF Technology, a proximity-as-a-service platform enabling and accelerating the growth of the North American on-demand economy; YES Network, the leading Regional Sports Network in the New York and Tri-State area; and Peterson Farms, the leading processor of fruit products in the United States, among others.

The fund raised capital commitments from a diverse set of new and existing investors including leading pension plans, endowments, insurance plans, government institutions, family offices and private equity firms across North America, Europe, the Middle East and Asia, it said.

Mubadala Capital manages approximately $9 billion of assets in third-party managed funds across its private equity, public equities, venture capital and Brazil businesses.

(Writing by Brinda Darasha; editing by Daniel Luiz)

brinda.darasha@refinitiv.com 

This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here

© ZAWYA 2021

More From Funds