Mubadala Capital, the asset management subsidiary of Abu Dhabi's Mubadala Investment Company, has successfully closed its Brazil Special Opportunities Fund III at USD 900 million, with USD 250 million in anchor capital provided by Mubadala Capital itself and the remainder from international pension funds, family offices, and private capital investors.
This closing marks a continuation of the firm's sequential growth in Brazil: Fund I closed at USD 322 million in February 2022, Fund II raised over USD 710 million in October 2023, and Fund III at USD 900 million. The Brazil platform now manages more than USD 7.3 billion in assets across energy, infrastructure, education, consumer, and sports sectors.
Current holdings include Acelen (energy), Acelen Renewables, Atvos, Bluefit, Clariens Educação, LAMSA, MetrôRio, Rota das Bandeiras (toll road infrastructure in the State of São Paulo), the São Paulo Formula 1 Grand Prix, and Zamp (Burger King Brazil operator). A new Rio de Janeiro stock exchange, Base Exchange, is expected to begin operations by the end of 2026.
This development underscores the UAE's long-term confidence in the Brazilian economy and reaffirms the depth of the bilateral investment partnership between the two countries.
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