{"id":101919,"date":"2025-03-21T00:00:00","date_gmt":"2025-03-21T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/mubadala-backed-aman-to-raise-usd-2-bn-to-drive-uae-and-global-projects\/"},"modified":"2025-03-21T00:00:00","modified_gmt":"2025-03-21T00:00:00","slug":"mubadala-backed-aman-to-raise-usd-2-bn-to-drive-uae-and-global-projects","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/03\/21\/mubadala-backed-aman-to-raise-usd-2-bn-to-drive-uae-and-global-projects\/","title":{"rendered":"Mubadala-backed Aman to raise USD 2 bn to drive UAE and global projects"},"content":{"rendered":"

Mubadala<\/strong>-backed hospitality group <\/strong>Aman<\/a><\/strong> aims to raise USD 2<\/strong> bn in investments <\/strong>to fuel its expansion in the UAE and globally<\/strong>, CEO Vladislav Doronin told Bloomberg<\/a>. The company is in advanced discussions with its bankers about the structure of the fund. It plans to obtain the amount from institutional investors and high-net-worth individuals, particularly from the Middle East. <\/p>\n

The timeline: <\/strong>Investor discussions will begin once the fund is finalized, with a potential closure by early 2026.<\/p>\n

Where will the money go?<\/strong> The funds will support the development of 23 hotels and the expansion of Aman Residences, its luxury real estate arm. Aman plans to open more properties across the Middle East and Africa and expand Janu, its new hotel brand catering to younger travelers. <\/p>\n

The Swiss-based group has many ongoing projects in Dubai<\/strong>, including Janu Dubai<\/a>, a 150-key skyscraper situated in Dubai International Financial Center that is set to open by 2027. The hospitality giant is also working on the Aman Dubai project<\/a> in Jumeirah 2, which will include Aman-branded residences, a 2.9k sqm spa, restaurants, and an Aman club. Additionally, it is currently developing two 39-key residential towers, with the first one sold and the second to follow in the next few months, and is planning a private members\u2019 club in Dubai. <\/p>\n

Background:<\/strong> The group secured a USD 360 mn investment from Mubadala Capital and private equity fund Alpha Wave Ventures back in 2023. Alpha is co-managed by Alpha Wave Global and Chimera Capital, a division of Abu Dhabi\u2019s Royal Group.<\/p>\n

About Aman:<\/strong> Founded in 1988, the Swiss hospitality group manages a portfolio of 35 hotels and resorts in 20 destinations across the world. It owns several trademarks including the hotel brand Janu and the Aman Essentials retail collection.<\/p>\n

OTHER MUBADALA-RELATED NEWS- <\/p>\n

CVC Capital eyes Mubadala\u2019s asset manager Fortress as part of its push into private <\/strong>credit: <\/strong>European private equity firm CVC Capital Partners reportedly held negotiations with Mubadala to acquire the sovereign wealth fund\u2019s US-born asset manager Fortress Investment Group, before talks stalled over valuation, Bloomberg<\/a> reports, citing unnamed sources it says have knowledge of the matter. Mubadala acquired<\/a> a 68% stake in the company last year, while Fortress Management retained a 32% ownership.<\/p>\n

The sticking point: <\/strong>The Euronext listed PE firm reportedly offered that Mubadala retains a minority stake in the Fortress, but valuation seems to be the culprit behind the hold up, according to one of the sources. Fortress \u2014 which has USD 48 bn in assets under management \u2014 was valued at USD 2 bn when Mubadala acquired it. <\/p>\n

REMEMBER- Private credit has been Mubadala\u2019s top-performing asset class for <\/strong>three straight years<\/strong>, and it currently boasts a few private credit partnerships<\/a> across the US, Europe, and Asia.<\/p>\n","protected":false},"excerpt":{"rendered":"

The funds will be used to drive the development of 23 hotels and expand its luxury residential project Aman Residences around the world<\/p>\n","protected":false},"author":1,"featured_media":101920,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1557],"tags":[1280,7,477,1342,25,1343],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-101919","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-aman-group","tag-enterpriseam-uae","tag-hospitality","tag-investment","tag-investment-watch","tag-mubadala","wpautop","entry"],"acf":{"mongo_id":"8b7ff4cd-9ab0-4d96-a61c-0095c44d9a0b","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/3\/857.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Mubadala-backed Aman to raise USD 2 bn to drive UAE and global projects","related_issue":[101905],"teaser":"The funds will be used to drive the development of 23 hotels and expand its luxury residential project Aman Residences around the world","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.a1af7357-9773-4cfd-9e48-577aed2a1bed.mp3"},"yoast_head":"\nMubadala-backed Aman to raise USD 2 bn to drive UAE and global projects - 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