Apollo takes minority stake in Mubadala Capital as firm scales $60 billion platform

Apollo will take a minority equity stake in Mubadala Capital and commit capital across its strategies, with additional strategic minority investors expected to commit an aggregate $5 billion at initial close. Mubadala Capital, founded in 2011, manages over $60 billion across five strategies and over $755 billion including partnerships. Mubadala Investment Company remains majority shareholder; the firm keeps independent governance and its existing management team. The deal, advised by Goldman Sachs, Jefferies and Morgan Stanley, is expected to close in Q4 2026 pending approvals.

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