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Abu Dhabi’s Mubadala to invest $2bn in partnership with Silver Lake

Abu Dhabi’s Mubadala to invest $2bn in partnership with Silver Lake

Abu Dhabi’s sovereign investor to acquire minority stake in the US-based venture capital firm

Mubadala is to invest $2bn with venture capital firm Silver Lake, as part of a 25-year investment strategy.

In addition, Mubadala has acquired a minority equity interest in Silver Lake. Mubadala acquired the minority equity interest in Silver Lake from Dyal Capital Partners through a secondary transaction. Dyal, a unit of Neuberger Berman, acquired a passive, non-voting equity interest of less than 10% in Silver Lake in 2016 and will retain roughly half of its original investment.

Mubadala and Silver Lake have collaborated in the past on investments such as Endeavor, Waymo (Alphabet’s driverless technology company) and India-based Jio Platforms.

Mubadala began investing in technology firms in 2007, through a significant stake in AMD and later through the creation of GLOBALFOUNDRIES, the world’s second-largest semiconductor manufacturing company.

Through partnerships, Mubadala recently invested in medtech company PCI Pharma Services, as well as in ridesharing, e-commerce and the establishment of venture capital platforms in Silicon Valley, Europe and Abu Dhabi.

“As an institution that has long seen the potential of investing in the technology sector, we are excited to partner with Silver Lake, one of the world’s most respected technology investors, to capitalise on major opportunities within and beyond the industry,” said Khaldoon Al Mubarak, managing director and chief executive officer of Mubadala.

“Technology is the bedrock of the global economy, and fundamental to all other sectors that are being significantly digitalized. Our goal is to be well-positioned to take advantage of this accelerated digital transformation and its potential, and we believe Silver Lake is the right partner and that this is an optimal structure for us,” he added.

Mubadala is as a sovereign investor, wholly owned by the government of Abu Dhabi. It currently has over Dhs853bn worth of assets under management invested in over 50 countries.

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