Apollo Acquires Stake in Mubadala Capital
Apollo Global Management is acquiring a minority stake in Mubadala Capital. The US firm will commit funds to investment strategies as part of a broader agreement to deepen ties with the Abu Dhabi wealth fund.
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Apollo Global Management Inc will acquire a minority stake in Mubadala Capital and commit $5B across its investment strategies. The deal deepens the United States firm's ties with Abu Dhabi's wealth ecosystem. The partnership expands Apollo's global reach as alternative asset managers increasingly target Gulf sovereign capital.
