ABU DHABI- Abu Dhabi state investor Mubadala has opened an office in New York, the state fund's second in the United States, its deputy chairman Waleed al-Muhairi said on Wednesday.
Mubadala's New York office opened on April 1 and will employ 10 people, a company spokesman told reporters separately. The team will focus on financial services and private equity investments.
The state fund's venture capital arm, launched in 2017 to oversee an early growth fund set up with Japan's SoftBank and a fund of funds focused on emerging fund managers, is already based in San Francisco.
The New York office will be headed by Kevin Kokko, a director from Mubadala Capital's team, a spokesman said.
"From the investment standpoint these two are the centers of gravity," the spokesman said of the two U.S. office locations.
Mubadala, which manages over $225 billion in assets, committed $15 billion to the $100 billion SoftBank Vision Fund. Saudi Arabia's Public Investment Fund allocated $45 billion.
Among major U.S. investments, Mubadala owns a minority stake in buyout firm Carlyle and a stake in Advanced Micro Devices.
(Reporting by Stanley Carvalho, Writing by Saeed Azhar; Editing by Kirsten Donovan) ((Saeed.Azhar@thomsonreuters.com; +971 44536787; Reuters Messaging: firstname.lastname@example.org))