Abu Dhabi’s Mubadala Investment Company has entered into a strategic partnership with US-based fund-of-funds venture capital firm Blue Opal Capital and will be an anchor investor in their second venture capital fund.
Blue Opal Capital recently launched a Fund-of-Fund platform that focuses on identifying and investing in exceptional entrepreneurial venture capitalists, with particular emphasis on opportunities within the United States.
“We are excited to back the Blue Opal Capital team, led by Ahmed Al Mosa, Sebastien de Jong and Federico Jost,” Faris al Mazrui, Head of Growth Investments at Mubadala, commented.
“We see this partnership as an opportunity to continue building on Mubadala’s commitment to the space and are confident in Blue Opal Capital’s ability to anchor the next wave of VC managers in the US.”
Ahmed Al Mosa, Partner at Blue Opal Capital, added, “Blue Opal Capital is thrilled to announce this partnership with Mubadala, which is rooted in a shared commitment to innovation and the continued growth of strategic sectors.”
Blue Opal Capital invests in emerging venture capital funds and co-investment opportunities that maximise investment returns for their partners.
Last week Mubadala and Bpifrance, the French public investment bank made a joint investment in global technology investment firm Partech’s latest Africa-focused venture capital (VC) fund, Partech Africa II.
Mubadala has also partnered with Abu Dhabi’s Artificial Intelligence and Advanced Technology Council (AIATC) and G42 to launch a new technology investment company, focused on artificial intelligence (AI): and signed a $1 billion partnership with Goldman Sachs to co-invest in private credit opportunities in the Asia-Pacific region.
