Mubadala Capital, part of Abu Dhabi’s sovereign wealth fund, has successfully closed its fourth private equity fund, MIC Capital Partners IV.
The fund was closed with total commitments of $3.1 billion, significantly exceeding the initial $2 billion target.
As the asset management arm of the Mubadala Investment Company, Mubadala Capital stands out as the first sovereign wealth fund to manage capital for third-party institutional investors. The firm currently oversees assets worth over $24 billion.
The newly launched Fund IV will focus on investing in middle-market companies across various sectors. It has attracted commitments from a diverse group of partners, including U.S. pension funds, university endowments, insurance plans, sovereign wealth funds, and family offices globally.
Among the fund’s portfolio are notable investments such as the global asset manager Fortress Investment Group and Canada Cartage, a Canadian logistics provider.
