In 2017, Khaldoon Al Mubarak, Mubadala’s CEO said that the sovereign fund plans to invest in technology companies in the US after opening a Silicon Valley office to manage its $15 billion commitment to SoftBank Group’s Vision Fund.
Wednesday 10, April 2019
(Bloomberg) --Mubadala Investment Company opened an office in New York as the Abu Dhabi wealth fund builds on its presence in the US.
Waleed Al Mokarrab Al Muhairi, Mubadala’s Deputy CEO, said, “Today we have offices in San Francisco, we have offices in Rio De Janeiro as well as in Moscow, in New York City which we just inaugurated and Hong Kong by the way.”
Mubadala opened the office in New York in the first week of this month and Kevin Kokko, a director at Mubadala Capital, is in charge, added Brian Lott Mubadala’s spokesman.
"Carlyle is new standard of how we’re going to be working with new partners on co-investments," Lott said.
The wealth fund merged with International Petroleum Investment Company in 2017 and absorbed Abu Dhabi Investment Council last year, making it one of the world’s largest with about $225 billion of assets