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Laxman Pai, Opalesque Asia:

Mubadala Capital, the wholly owned money management subsidiary of the $284 billion Abu Dhabi sovereign wealth fund Mubadala Investment Co., and Paris-based private investment house Ardian formed a $2.1 billion private equity partnership.

The firms said in a joint news release that Ardian would invest in a portfolio of private equity assets managed by Mubadala Capital, and make a primary commitment to its private equity funds.

Ardian and Mubadala Capital have built a strong relationship since forming a successful initial partnership in 2017, a milestone transaction that established Mubadala Capital as a third-party asset manager and represented the first time a sovereign wealth fund has managed capital on behalf of institutional investors, said the release.

As part of this latest transaction, Ardian and Mubadala Capital curated a portfolio of ten limited partnership interests with a leading group of General Partners predominantly in North America and Europe, as well as six high-quality direct investments.

All of the assets in the new portfolio were previously held on Mubadala Capital's balance sheet following a successful spin-off from Mubadala Investment Company in 2021.

Mubadala Capital's private equity strategy focuses on direct investments in North America and Europe in core sectors where the team has a strong network and track record, including media, sports and entertainment, consumer and food services, financi......................

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