Mubadala Capital, the asset management branch of Abu Dhabi’s sovereign wealth fund, is anchoring a $10 billion investment as part of TWG Global’s $15 billion equity raise.
In return, TWG has bought a 5% minority stake in Mubadala and has agreed to invest $2.5 billion into its products. Eventually, they plan to invest $20 billion.
This deal is a major commitment to the rapidly growing AI sector in the United States. The funds will largely be used to grow TWG’s portfolio companies that specialize in this industry.
TWG and Mubadala are now positioned among some of the biggest PE and VC funds in AI today—an area that continues to see rapid growth. In the last quarter of 2024 alone, $58.7 billion worth of venture capital was committed to AI.
