Mubadala Capital, the asset management subsidiary of Mubadala Investment Company, and SailGP announced a strategic investment to acquire a newly formed SailGP Team to represent Brazil. This marks the first South American team in the SailGP league and the first confirmed team for Season 5.
The acquisition aims to enhance training opportunities for Emirati sailing talent, both locally and internationally, following the inaugural Abu Dhabi race. “Together with SailGP, we are building a community dedicated to creating a better sport and a better planet,” said Mubadala’s Homaid Al Shimmari, Deputy Group CEO and Chief Corporate & Human Capital Officer. “There is strong alignment between our responsible investing approach and SailGP’s ambition to be the world’s most sustainable, purpose-driven global sports and entertainment platform.
“This partnership reflects our commitment to supporting the communities and regions where we invest, aligning our capital deployment with local community engagement.”
“We are thrilled to partner with SailGP to form the first-ever South American SailGP Team,” said Oscar Fahlgren, Chief Investment Officer of Mubadala Capital. “This acquisition not only adds to our investment portfolio but also aligns with our long-term commitment to investing in Brazil, while enhancing our ability to create lasting positive social and environmental impact.”
The Mubadala Brazil SailGP Team will be operated in partnership with Brazilian sports firm IMM, led by ex-Olympic sailor Alan Adler. The full team line-up will be announced in the coming months, and the team will debut in Season 5, starting in November 2024.
This development continues Mubadala’s expanding relationship with SailGP, including a Global Partnership that extends through the 2026 season. Mubadala is the Title Partner for the New York SailGP event and has previously sponsored events in San Francisco and Abu Dhabi.
Mubadala and SailGP have also partnered with Strata Manufacturing to develop new SailGP hydrofoils and rudders for Season 5. Additionally, Mubadala supports SailGP Inspire, the league’s youth outreach program, which has engaged over 21,000 young people globally.
