Apollo Global Management to Buy Stake in Mubadala Capital
The investment firm is set to acquire a 10% interest in the Abu Dhabi-based subsidiary as part of a deeper strategic partnership.
Updated on Oct. 26, 2026 in Business Strategy
Live Poll
Do you support major American financial firms increasing their direct investments in foreign sovereign wealth funds?
Apollo Global Management is finalizing a deal to purchase a 10% stake in Mubadala Capital. The agreement marks a significant deepening of ties between the two entities following a 15-year relationship building in Abu Dhabi.
Why it matters
Both firms are targeting increased scale within the asset management industry to advance their long-term growth strategies. This partnership reflects a growing emphasis on collaborative investment models between major global financial players.
Mubadala Capital manages and administers over $755 billion in assets, with more than $60 billion held in its core alternatives business. The firms previously launched a $2.5 billion joint venture for private credit in 2023.
The players
Apollo Global Management
This global alternative asset manager specializes in credit, private equity, and real assets.
Mubadala Capital
This firm is a subsidiary of the Abu Dhabi-based sovereign investor Mubadala Investment Company.
The details
The deal involves Mubadala Capital, a subsidiary of the Abu Dhabi sovereign investor Mubadala Investment Company. The capital management arm operates a global network with offices located in London, New York, Rio de Janeiro, and San Francisco.
Timeline
2022: Apollo and Mubadala Investment Company established their initial partnership.
2023: The firms formed a $2.5 billion joint venture for private credit.
October 26, 2026: The acquisition deal is expected to be announced.
Market Landscape
The deal signals an ongoing trend of consolidation and strategic alignment among global sovereign wealth funds and private equity giants. By securing a 10% stake, Apollo strengthens its competitive positioning against other major asset managers operating in the Middle East.
The deal primarily concerns institutional investment structures rather than immediate changes to consumer retail services or products. Clients of both firms may see expanded credit and investment opportunities as the entities scale their joint operational capacity.
The takeaway
This acquisition underscores the high value global firms place on deep, long-term partnerships when navigating cross-border asset management. Institutional investors should monitor how such equity-linked alliances impact the competitive landscape for private credit and capital growth.
Further reading
Learn more about corporate expansion trends in the Business Strategy section.
Live Poll
Do you support major American financial firms increasing their direct investments in foreign sovereign wealth funds?
