The sovereign wealth fund’s third-party fund arm has private equity dry powder of $3.0bn
Mubadala Brazil SailGP Team will partner with Brazilian sports and entertainment firm IMM
IMM is owned by former Brazilian Olympic sailor Alan Adler, who is also CEO of Brazil Motor Sports. IMM’s portfolio includes the Rio Open, Cirque Du Soleil Brazil and São Paulo Fashion Week
Mubadala entered into a three-year partnership with SailGP in 2023, with the partners aiming to make SailGP ‘the most sustainable sport in the world’
June 24, 2024 (Preqin News) – Mubadala Capital is an investment arm of the Abu Dhabi-based sovereign wealth fund and has AUM of $276bn, with 18 private equity and four private debt funds. Preqin estimates the fund has $3.0bn of private equity dry powder.
Mubadala’s sports and media investments include a 20% minority stake in the commercial rights of Liga de Futebol Brasileiro in November 2022, and Yankees Entertainment & Sports Network, where it participated in a $3.5bn recapitalization alongside Blackstone Group, New York Yankees, RedBird Capital, and Sinclair Broadcast Group, buying an 80% stake from The Walt Disney Company.
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