TWG Global, a holding company led by US billionaires Mark Walter and Thomas Tull, announced on Tuesday it will acquire a minority stake in Mubadala Capital, the Abu Dhabi investment company's asset management subsidiary.
Under this investment alliance, TWG is committing $2.5 billion to Mubadala Capital, which the Abu Dhabi company will anchor and lead to a $10 billion syndicated investment in TWG Capital, the companies said in a statement. That is part of TWG's $15 billion equity raise, they said.
Proceeds will be used by TWG to identify investment opportunities.
“By combining our institutional expertise and capital resources through this unique alignment of interests, we are strengthening our joint abilities to access and scale high-quality investment opportunities globally,” Hani Barhoush, managing director and chief executive of Mubadala Capital, said in a statement.
TWG and its partners will also commit an additional $20 billion of investment capital over time to reinforce the long-term and strategic alignment between the two companies.
"We are excited to deepen our relationship with Mubadala Capital, a global leader that shares our long-term investment philosophy and our commitment to excellence. The convergence of business and new technology is creating unprecedented investment opportunities,” TWG founder Mark Walter said.
TWG Global's portfolio includes Guggenheim Investments, Guggenheim Securities and sport franchises including Chelsea FC, the Los Angeles Lakers and Los Angeles Dodgers.
Wednesday's announcement comes as both companies have made ventures into artificial intelligence. TWG Global in March announced a joint venture with Palantir Technologies to redefine artificial intelligence deployment in financial services. Meanwhile Mubadala is a founding partner of MGX, a technology fund that is an initial equity partner in an $100 billion AI joint venture project hailed by President Donald Trump.
The UAE has made other commitments to the US since Mr Trump's 2024 election win, including a planned $20 billion investment by Damac in US data centres and a $1.4 trillion investment framework related to AI infrastructure and more.
