Apollo to Buy Minority Stake in Mubadala Capital Unit
Apollo Global Management is buying a minority stake in Mubadala’s alternative asset management unit and committing capital across its investment strategies, Mubadala Capital said Monday.
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12:56:54 PM UTC
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By Mark MaurerApollo Global Management said it will acquire a stake in Mubadala Capital, the alternative asset management arm of Abu Dhabi's sovereign-wealth fund, Mubadala Investment Company.Apollo and additional strategic investors would together commit $5 billion to Mubadala Capital as part of t…
Apollo Global Management NYSE:APO is buying a minority stake in Mubadala's alternative asset management unit and committing capital across its various investment strategies, subsidiary Mubadala Capital said on Monday, as the US investment giant deepens ties with the Abu Dhabi wealth fund.As part of…