December 5, 2020
According to a Wall Street Journal article, Mubadala, one of the United Arab Emirates leading sovereign wealth funds with over USD 230 billion in assets under management is making big, bold bets during the 2020 pandemic. Going against the trend, which saw an overall decline of 36% in new capital deployed by sovereign funds globally, Mubadala has invested more than $11 billion so far in 2020, an increase of 46% compared to the previous year.
The article went on to note that Mubadala has made significant commitments to investment funds managed by Apollo Global Management Inc. and Silver Lake, and investments in projects including $2.25 billion in Alphabet’s self-driving car, and $1.2 billion in Jio Platforms Ltd., India’s tech and telecom giant.
Read the original article on The Wall Street Journal: Abu Dhabi’s $230 Billion Man Bet the World Would Overcome Covid-19