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Story summary
- Apollo Global Management is buying a roughly 10% minority stake in Mubadala Capital, Abu Dhabi’s sovereign-wealth-fund asset manager.
- Apollo and other strategic investors will commit a combined $5 billion to Mubadala Capital’s investment strategies at closing.
- Mubadala Capital advises and administers more than $755 billion in assets.
- Its core alternatives division oversees over $60 billion across five investment strategies.
- Apollo co-president John Zito said the investment deepens alignment and expands global investor reach.
