- Mubadala Capital in the UAE has successfully secured over $710 million for its second investment fund in Brazil, capitalizing on the country's venture opportunities. The fully owned asset management subsidiary of Mubadala Investment Co. disclosed details about the Brazil Special Opportunities Fund II (BSOF II) in a press release.
- The announcement revealed that BSOF II has raised funds from global backers, including a leading public pension fund, family offices, corporates, private equity funds, and asset managers across North America, Europe, the Middle East, and Asia. Oscar Fahlgren, the Chief Investment Officer and head of the Brazil strategy at Mubadala Capital, emphasized the team's ability to navigate complex investments, even in challenging macroeconomic conditions. He stated that the success of this fundraising effort reflects the consistent investment strategy and the strength of the local investment team.
Why it matters
Mubadala Capital manages $20 billion in assets, with $13 billion within third-party capital vehicles, solidifying its position in the industry. The expansion of Mubadala Capital as a global asset management firm underscores its approach to business development and diversification away from natural resources.