Abu Dhabi fund’s tech portfolio expands as Mubadala goes on purchase spree
August 25, 2022
Abu Dhabi’s Mubadala Investment Co. has taken advantage of tumbling tech firm valuations to make a series of investments in small- to mid-sized tech companies worldwide this year. Formed in 2017 after the merger of Abu Dhabi’s state-owned International Petroleum Investment Co. (IPIC) and Mubadala Development Co., Mubadala invests both at home and abroad. In December 2021, it had assets under management (AUM) of 1.05 trillion dirhams ($284 billion). Other sovereign funds based in the UAE capital include the Abu Dhabi Investment Authority (ADIA) and ADQ.
Read the original article in Zawya: Mubadala’s buying spree expands Abu Dhabi fund’s tech portfolio