{"id":90008,"date":"2024-03-14T00:00:00","date_gmt":"2024-03-14T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/mubadala-to-anchor-us-based-vc\/"},"modified":"2024-03-14T00:00:00","modified_gmt":"2024-03-14T00:00:00","slug":"mubadala-to-anchor-us-based-vc","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/03\/14\/mubadala-to-anchor-us-based-vc\/","title":{"rendered":"Mubadala to anchor US-based VC"},"content":{"rendered":"

Abu Dhabi sovereign wealth fund Mubadala will be an anchor investor <\/strong>for New York-based private equity firm <\/strong>Blue Opal Capital<\/a><\/strong>\u2019s second venture capital fund<\/strong> ahead of its IPO, state news agency Wam<\/a> reports. Details on the size of Mubadala\u2019s investment in the fund were not disclosed. <\/p>\n

About the fund: <\/strong>The fund will target identifying and investing in entrepreneurial VCs, primarily those based in the US, through a platform that operates as a fund of funds. <\/p>\n

Mubadala is ramping up its private credit investments to capitalize on the growing <\/strong>demand for debt capital<\/strong> from high-growth tech businesses, its head of credit investments Fabrizio Bocciardi said in September<\/a>. The sovereign wealth fund also agreed with Goldman Sachs last month<\/a> to co-invest USD 1 bn in private credit in \u201chigh quality companies and sponsors\u201d in the Asia-Pacific region, and earmarked USD 1 bn each for alternative asset manager Blue Owl Capital<\/a> \u2019s technology lending strategy to finance tech and software companies in September<\/a> and its JV with Ares Management in March<\/a> last year. <\/p>\n

And some more: <\/strong>Mubadala set up a USD 2.5 bn JV with Alpha Dhabi to co-invest in global credit last year<\/a>. The wealth fund also took on the role of anchor investor for a private credit fund set up by Starz Real Estate and targeting European property in November 2023<\/a>. <\/p>\n

Mubadala isn\u2019t alone:<\/strong> The Abu Dhabi Investment Authority also ventured into private credit in September, backing a USD 5 bn fund<\/a> launched by Wells Fargo alongside asset manager Centerbridge and making a USD 932 mn investment<\/a> in Australian real estate private credit company Qualitas Diversified Credit Investments. The asset class is expected to balloon to USD 2.3 tn in size by 2027, according to Morgan Stanley<\/a>.<\/p>\n

OTHER INVESTMENT NEWS- <\/p>\n

#1-<\/strong>Saudi Venture Capital invests USD 30 mn Olive Rock Partners\u2019 private <\/strong>equity fund:<\/strong>Saudi Venture Capital<\/a>(SVC)<\/a> poured USD 30 mn in Abu Dhabi-based Olive Rock Partners<\/a> \u2019 maiden private equity fund Olive Rock Partners Fund I, Saudi state news agency SPA<\/a> reported yesterday, citing a SVC statement. Olive Rock Partners is an independent GCC-focused private equity fund based in the Abu Dhabi Global Market (ADGM).<\/p>\n

Details are scant<\/strong>: The fund will focus on investments in \u201cmid-market buyouts that are geographically advantaged and technologically enabled,\u201d according to the statements. No further details were provided on the fund or its planned investments.<\/p>\n","protected":false},"excerpt":{"rendered":"

The fund will focus on investing in US-based entrepreneurial VCs<\/p>\n","protected":false},"author":1,"featured_media":90009,"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":[1030,7,25,1343,341,274],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-90008","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-blue-opal-capital","tag-enterpriseam-uae","tag-investment-watch","tag-mubadala","tag-private-equity","tag-venture-capital","wpautop","entry"],"acf":{"mongo_id":"74cba60e-c6bd-4f5a-aadc-cee0da55b7b5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/2\/2193.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Mubadala to back US-based Blue Opal Capital","related_issue":[89997],"teaser":"The fund will focus on investing in US-based entrepreneurial VCs","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/3\/.6fbce075-934c-4153-8572-12436c8ffc21.mp3"},"yoast_head":"\nMubadala to anchor US-based VC - 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