Mubadala Capital Surpasses Target and Closes Fourth PE Fund at $3.1 Billion

– Mubadala Capital has closed its fourth private equity fund at $3.1 billion, surpassing its initial $2 billion target.

– The fund, MIC Capital Partners IV, includes limited partners such as U.S. pension funds, university endowments, insurance plans, sovereign wealth funds, other asset managers, and family offices.

– Key markets for investors include North America, Europe, the Middle East, and Asia.

– The fund will focus on middle-market companies across sectors including media, sports & entertainment, consumer & food services, financial services, and business services.

– Mubadala Capital CEO and Managing Director Hani Barhoush noted that the strong response from Limited Partners reflects the quality of their investment platform and track record, especially in a challenging fundraising environment.

– Mubadala Capital is the alternative asset management subsidiary of Mubadala Investment Company, headquartered in Abu Dhabi, UAE.