Abu Dhabi’s sovereign investor, Mubadala Investment Company, is concentrating on enhancing its investments in Asia while acknowledging the continued significance of the US market, as stated by its group chief executive.
Khaldoon Al Mubarak, also Mubadala’s managing director, highlighted the growth potential in the East, particularly in Asia, including India and Southeast Asia, over the next 10 to 20 years.
He emphasized a strategic shift towards economies with substantial populations that have experienced notable growth, a departure from the fund’s previous focus.
Mubadala, acting on behalf of the Abu Dhabi government, plays a pivotal role in the emirate’s strategy to diversify revenue beyond oil. With assets valued at AED 1.01T ($276B), Mubadala’s diversified investment portfolio spans six continents, covering sectors such as aerospace, ICT, semiconductors, metals and mining, renewable energy, oil and gas, and petrochemicals.
Mubadala Asian Expansion and Ongoing Commitment to the US Market
This year, the fund announced new investment ventures in India as part of its broader expansion plans in Asia. Notable deals include becoming anchor investors in Cube Highways Trust, an Indian infrastructure investment trust, alongside the British Columbia Investment Management Corporation. Additionally, Mubadala invested $525M, alongside BlackRock Real Assets, in Tata Power Renewables, a major Indian renewable energy company.
Despite the focus on Asian markets, Mubadala remains committed to the US, describing it as an “unbelievably attractive and key market.” Currently holding $100B in the US, constituting 42% of its total asset base, Mubadala aims to sustain its investments in the country, with the US projected to remain its primary market for the next five years.
In a strategic move earlier this year, Mubadala formed a partnership with Blue Owl Capital, a New York-based alternative asset manager, according to The National News.
This partnership involves a $1B commitment to Blue Owl’s credit platform, focusing initially on technology-lending strategies to provide financing solutions for various tech and software companies. Additionally, Mubadala expanded its portfolio by investing in the US-based Aligned Data Centres.
